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Sales have gone south amid a wave of foreclosures and more stringent lending standards for mortgages.
Buyout firms have been largely constrained by more stringent lending by banks.
Meanwhile, he said, banks have yet to loosen their stringent lending requirements.
However, Canada's regulatory system and the relatively stringent lending standards of its banks eventually reinforced the market's stability, brokers said.
Connecticut, New York and New Jersey have enacted more stringent lending laws in recent years, after booming home sales brought sharp increases in mortgage complaints.
Persimmon's strong results follow similarly buoyant figures from Bovis Homes yesterday as housebuilders reap the rewards of less stringent lending by banks and rising house prices.
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Winters is now focusing on returns to shareholders rather than revenue and winding back the less stringent approach to lending.
His interest was bolstered by the bank's adoption, partly in response to 1990s-era activists, of stringent "safeguards", or lending rules intended to protect human rights and the environment in client states.
Alluding to a $75 billion bank bailout in 1999 that came without major strings attached, he said: "Any policy to clear bad loans must come in concert with a more stringent evaluation of lending, fortification of shareholder equity and stricter corporate governance".
They are more stringent still about lending interest-only and offset loans to older customers: HSBC refers applications to its specialist underwriters, while First Direct will not grant such loans to anyone who is likely to retire before the debt is paid off.
"It is hard to say we shouldn't put in more stringent standards on mortgage lending, given what has happened in the past," said Representative Mike Simpson, an Idaho Republican who backed all three measures.
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