Industry Turns to Common Sense, GSEs
|
| Among those in attendance at the Mortgage Bankers Association’s 94th annual Convention and Expo are: (from left) Brian Montgomery, commissioner of the Federal Housing Administration; Thomas P. Cronin, vice chairman of Shelton-based Clayton Fixed Income Services; and Michael McQuiggan, chief executive officer of Lake Forest, Calif.-based Tri-Emerald Financial Group. The MBA event was held last week in Boston. |
By Amy Wyeth
Back to basics. A struggling subprime mortgage industry that lost its way trying to outdo competitors, even though it knew the financial risks were great, needs to get back to common-sense lending.
Subscribers, click here to read entire story | Click here to purchase a subscription
|
