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- Comptroller Dugan on "Unprecedented Home Equity Loan Losses"
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From the Comptroller of the Currency: Comptroller Dugan Tells Lenders that Unprecedented Home Equity Loan Losses Show Need for Higher Reserves and Return to Stronger Underwriting Practices (hat tip Steven) Comptroller of the Currency John C. Dugan said today that accelerating losses in the home equity business show the need to build reserves and to return to the stronger underwriting standards of past years….
Original Source: feeds.feedburner.com/CalculatedRisk
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22 May, 2008| housingblogs |
@ 22:21