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If a lender lies to or misleads a potential borrower then the lender has to take some part of the blame when the loan goes bad.
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Well, folks have ample opportunity to sue for fraud, breach of contract, unfair or deceptive acts or practices, or improper disclosure. There's a lot more laws protecting consumers than there are laws protecting "big bad lenders".
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Justin, I wouldn't rest too easy just because you don't have a mortgage problem. If this mess gets worse and we end up in a recession, it can bite you in the a** in many unexpected ways.
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I intend to rest pretty easy. But thanks for the concern.  I have structured my affairs in such a manner that a major recession won't impact me that much (at least as compared to 90% of the rest of folks out there). In fact it could be a good opportunity for certain things.
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