TITLE

'Another Leg Down' Feared for Housing

PUB. DATE
December 2009
SOURCE
American Banker;12/14/2009, Vol. 174 Issue 221, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on comments by James B. Lockhart III, vice chairman of the investment firm WL Ross & Co., on the U.S. housing market as of December 2009. Lockhart, a former director of the U.S. Federal Housing Finance Board, stated that the market could fall further, due to the rapid rate of foreclosures and the possibility of hundreds of bank failures.
ACCESSION #
47194330

 

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