Search
 

Making the Subprime Market Sensible; Call for Regulators to Act Now to Strengthen Underwriting Standards

Something had to be done about the subprime real estate market and last week, trade associations and Congress reacted.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DURHAM, N.C. — Something had to be done about the subprime real estate market and last week, trade associations and Congress reacted.

Repercussions from the downward spiral fueled by foreclosures and losses in the subprime area made the joint statement issued by the American Bankers Association, America’s Community Bankers, Consumer Bankers Association, Housing Policy Council, the Financial Services Roundtable and the Mortgage Bankers Association a necessary first step in avoiding a repeat performance.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Trending Stories

 

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.