Regulations governing mortgage


Problem:

Take the main bank which you consider 'your' bank. Suppose the bank manager has asked you to support an imaginary petition to remove some of the 'over-burdening' regulations that the bank has to comply with. Keep in mind that the sub-prime mortgage crisis arose in part because the regulations governing mortgage lending had been almost totally relaxed.

Submit a two to three page paper that describes your bank including some statements regarding:

- The reasons you chose this bank.

- The 'special features' this bank offers.

- The regulations this bank faces.

- Any recent changes this bank has gone through.

Then consider the bank manager's request that you support the petition and provide a written response to that request.

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