John Dugan
John Dugan
event fare house interest loans looser mortgage products questions raised rates rise standards widespread
But looser underwriting standards and the more widespread penetration of riskier mortgage products have raised questions about how these loans will fare in the event of a rise in interest rates or a softening in house prices,
balances bleak borrowers estate evidence exceed face loan prices prospect underlying value
If real estate prices decline, and there already is evidence of softening in some markets, these borrowers could face the bleak prospect of loan balances that exceed the value of the underlying properties.
estate letters none
First, none of our interpretative letters has anything to do with real estate brokerage.
banks borrowers easier helped loans marginal obtain sustain volume
The easier availability of first mortgages has helped many marginal borrowers obtain loans and it has helped banks sustain loan volume and profits.
break
I just thought if I could get it, I could get a break at least once in my life, ... That was kind of a break, when I got that money.
hesitate watching
We will be watching, and watching closely, and we will not hesitate to act,