Industry NewsMortgage

FDIC chair: Foreclosures raise ‘double dip’ risk

Regulators eyeing national standards for loan servicers
Published on Jan 19, 2011

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by CareyBot

More than three years into the foreclosure crisis, mortgage servicers remain "behind the curve" in dealing with distressed homeowners, and risk triggering a double dip in U.S. housing markets, FDIC Chairwoman Sheila Bair told mortgage bankers today.

Bair said regulators should use new authority granted to them under the Dodd ...

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