A bill in the US to make mortgages easier to pay could deter
banks from lending, at precisely the time when central banks
are trying to increase liquidity. It could also be another blow
In response to the sub-prime mortgage crises, the US House
of Representatives passed legislation last month requiring
lenders to issue loans that are easily repayable by borrowers.
While some consider this a helpful aid to borrowers, others
fear it will hurt lenders and bring greater complications to