Questions:
1. The importance of underwriting standards to a healthy real estate finance market;
2. Changes to mortgage underwriting standards prior to the real estate boom that may have helped the boom accelerate and also created the conditions for the real estate collapse;
3. Changes to mortgage underwriting standards after the real estate collapse that were enacted as a response to the collapse; and
4. Give an example of current underwriting standards for any underwriting group (see examples in text).