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Georgia's Housing Market Creates Challenges, Seen Not as Bad as it Appears

NCUA Region III Director Alonzo Swann told attendees at Georgia Credit Union Affiliates' annual convention that the litany of exotic mortgages and subprime lending has not been a huge deal for Georgia, but elsewhere in the region, particularly in Florida, it has become an issue.

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SAVANNAH, Ga. — NCUA Region III Director Alonzo Swann told attendees at Georgia Credit Union Affiliates’ annual convention that the litany of exotic mortgages and subprime lending has not been a huge deal for Georgia, but elsewhere in the region, particularly in Florida, it has become an issue.

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