Subject: File No. S7-14-11
From: Claudia Lee

August 1, 2011

I do not think borrowers should be required to come up with 2o% for a home mortgage. This would crush middle income wage earners.

If the lenders did their jobs like they were suppose to, then this real estate/loan crash would not have happened. The lenders should be on the hook for making bad or excessively high loans to people the lenders knew darn well couldn't pay back.

There is way too much loan reselling going on with lots of fake/phony risk assessment ratings. Those companies should be on the hook for inflated ratings as well.