Joint Forum Calls for Global Adoption of Minimum Mortgage Underwriting Standards
January 14, 2010
The Joint Forum, an international committee of senior bank, insurance and securities supervisors, called for the adoption of minimum mortgage underwriting standards that take into account a borrower’s capacity to repay to achieve more consistent and effective regulation of mortgage activities. In its newly released report, “Review of the Differentiated Nature and Scope of Financial...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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