Catherine Coy:I respectfully disagree. When everyone agrees, no one learns indepth about anything new or different or controversial. I submit that discussion--even sometimes rancorous discussion--helps people understand the issues and clarifies why, indeed, there's an "issue" to begin with.
That is true, when everyone agrees. It also applies when everyone disagrees. When there is no "meeting of the minds", then there is no benefitial outcome from the "issue" discussed/debated, except for a select few involved in the discussion/debate. What I was referring to was no beneficial outcome was concluded from the thread (or the threads of other forums) to those outside of the discussion/debate (ie consumers and/or realestate/mortgage industry) as a whole. Even with the allowed comment periods about the code by Fannie/Freddie/NABM/AI and other industry entities prior to enactment (May 1st), it is still going into effect "as written" with a few refinements that only benefits the major lenders and their AMCs. The industry as a whole will not benefit from it, nor will the consumers, since it was not written to do so, if one looks at the whole picture, from the lawsuit that started it to the final draft, and not just specific parts.