Industry News

Comptroller urges stronger mortgage underwriting

Dugan sympathetic to bankers' concerns about level playing field
Published on Oct 18, 2006

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by CareyBot

A top banking regulator says states must follow the federal government’s lead and institute stronger underwriting and disclosure requirements for lenders who offer exotic mortgages. Speaking at an annual convention of community bankers, Comptroller of the Currency John C. Dugan ...