National Mortgage Licensing Standards will Raise Costs, Not Quality
Comments: (0) Written by: Duane LeGate Date: March 31, 2008Charles Wheelan’s and Morris Kleiner’s Op-Ed piece in last Monday’s Wall Street Journal makes a good point related to my blog entry a few weeks ago about Treasury Secretary Henry Paulson Jr. announcement of plans to establish stringent national licensing standards for mortgage brokers. Like Wheelan and Kleiner argue in the Journal, I do not believe Paulson’s plans are a good idea. “National licensing standards would raise costs,” say Wheelan and Kleiner, “not quality.” I couldn’t agree more.
For more information, read We Don’t Need a Mortgage Guild by Wheelan and Kleiner.
If you enjoyed this post, Subscribe to our RSS Feed.
