Witnesses from the financial industry and consumer advocates testified about the Mortgage Lending Act, H.R. 3915, which sets a minimum standard for borrowers' ability to repay mortgage loans. It contains consumer protections for “high cost loans” and renters of foreclosed homes. Topics included ‘subprime’ mortgage companies, the sale of these mortgages to the secondary market, the Federal Reserve’s efforts to help borrowers avoid foreclosure, national standards for qualified mortgages, criticism of some provisions in the legislation, and problems of overreacting to abuses in the mortgage market.