Tag Archives: Banking Industry

Private Homebuilders: Dead Men Walking

One of the biggest impediments to housing’s recovery is credit, tight credit. The Chairman of the Federal Reserve, Ben Bernanke, said in a speech to the National Association of Home Builders today: “Current lending practices appear to reflect, in part, … Continue reading

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Big Banks Lose: Mortgage Risk Retention Doesn’t Expire

Yesterday morning I attended the FDIC’s background press briefing before the vote on proposed risk retention rules. While the rules covered a vast ground, I was of course most interested in those that focus on the “Qualified Residential Mortgage.” The … Continue reading

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