There has been a glaring spotlight in recent months on the practices of unscrupulous lenders that prey on unsophisticated borrowers. This has been both good and bad for the industry.

It has been constructive in that the truly dirty players will be driven out of the market if exposed to unwavering scrutiny. Regrettably, a byproduct has been the creation of the fiction that mortgage lending itself is predatory and therefore must be severely limited. The reality is that the vast majority of lenders do not engage in predatory practices, yet the response of some consumer activists and others has been to paint us all with the same broad brush.

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