Predatory lending in the subprime mortgage market is a big problem. Some states made laws to protect homeowners, but the lending industry doesn't like them. Now, there are three ways to make the market more standard. First, federal regulators want to stop these laws from applying to many lenders. Second, Fannie Mae and Freddie Mac won't buy certain loans. And third, rating agencies won't rate securities from bad loans. The article says that stopping the laws too soon is not good, Fannie Mae and Freddie Mac's rules will help a bit, but the rating agency rules will help investors more than homeowners.