Truth in Lending: 9.6.11.2.1 Introduction
Already at the time of HOEPA’s enactment, lending without regard to the ability to repay was a growing problem.863 Lenders make loans without regard to the borrower’s repayment ability for a variety of reasons, including: the value of the property involved; their eagerness to boost sales of loans and collect up-front points and fees; the fact that many originators sell the loan immediately after the closing, realize their fee income at that time, and need not worry about the loan performance over the long haul; and the need to satisfy inves