Industry News

Relaxed lending standards concern regulators

Retail banks face increased risk
Published on Oct 20, 2006

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by CareyBot

Comptroller of the Currency John C. Dugan is voicing concerns that many retail lenders have relaxed their underwriting standards, offering borrowers more home equity loans with high loan-to-value ratios and longer interest-only periods, and backing piggyback loans to avoid mortgage ...

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