3) "Baby with the Bath-water" – It is almost certain that a bill will pass this year, and as mentioned earlier it will probably be ineffective or an over-regulated nightmare. It is politically convenient to punish the "unscrupulous" lenders by enforcing regulations that sound good on paper. However, like most people, the extent of most legislators’ knowledge of the mortgage industry was learned at the closing table. It is pointless to pass regulations that restrict banks from lending money to the very community they’re trying to help.

America must solve this crisis by holding our representatives in Washington accountable for their actions or lack of actions. There is one advantage to the election year, and that is we get to vote. We can throw the "babies out with the bath-water" as well. If you want real change look past Democrats or Republicans and vote for the best candidate to help you.

Aubrey Clark is a syndicated writer and the managing editor for lendfast.com, a nationwide home loan services company,and Direct Banc. His expertise ranges from mortgage advocacy to helping people find good credit cards for fair credit. He lives and works in Atlanta Georgia with his wife and four children.

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