There's a new mortgage crisis brewing

In 2008, the nation entered into a financial crisis widely believed to have been caused by excesses in the residential mortgage industry. By 2010, the nation thought it had put in place a series of measures that not only would resolve the crisis but would insure that it never happened again. Yet, here we are in 2015 looking at another potential mortgage crisis. Only this time it is different. In 2008, funds flowed in waves into the mortgage industry. In 2015, it appears the funds are drying up.

The solutions to the problem in 2010 and thereafter included:
Suing and fining banks tens of billions of dollars
Putting back to the banks tens of billions more in mortgages
Writing new rules creating qualified mortgages
Changing accounting rules to better isolate high risk mortgages and questionable securitizations
Putting in place a mechanism that would eliminate Fannie Mae and Freddie Mac by reducing their capital to zero by 2018
Keeping interest rates low so that mortgage lenders could expect to receive less than 4 percent on a 30-year mortgage

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