FDIC Advisory Committee Calls for More Lender Accountability, Better Regulation
July 10, 2008
Lender accountability for risky mortgage loans that default soon after they are originated was one of the top issues raised by experts who were brought to Washington this week to advise the Federal Deposit Insurance Corp. on continuing problems in the mortgage market and the credit needs of low- and moderate- income borrowers. Panelists at the FDIC’s latest ComE-IN meeting noted...