Lendisphere

Vanilla.

Hope you like it.  Because it’s gonna be your only choice.

If the Administration gets its way, in the future when consumers go shopping for a home loan,  they will automatically get slotted into what is being called a “Plain Vanilla Home Loan.”  Or, as some people are calling them, “Government Approved Loans”.  Which sounds alot like “Government Approved School Lunches”.  And everybody knows not to eat the Salisbury Steak if it’s under a heat lamp and served by the ladies in clear plastic caps.

Bottom line: the government would give its seal of approval to certain specific types of mortgages, and if you happen to choose another type of loan product that  met your needs better,  you’d have to get a permission slip from your mother because it would be like walking across the street by yourself. 

And we don’t want that now, do we?