Cooperation Is Essential to Solve the Subprime Problem

Neiman, Richard
September 2007
Banking New York;Fall2007, p4
Trade Publication
The author presents a perspective on the significance of cooperation among the various government agencies that supervise the mortgage business to solving problems related to subprime lending. The author thinks that investors play an important role in setting quality benchmarks for the loans they purchase. Proper disclosure of information, according to the author, is also essential to ensure that borrowers understand the risk associated with negative amortization.


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