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,
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.
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.
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.
necessary prevent
But other prudential safeguards may also be necessary to prevent significant reductions in capital,
company knows move reached rest though waiting
Even though we know it, and the rest of the world knows it, the company still hasn't reached that understanding, ... We're waiting to see (what happens)?if they move on those (issues), we can get something done.
bring cannot dragging lower wages workers
We cannot have these lower wages dragging everyone else down. We've got to bring Connecticut workers up.
apart far key namely parity rest system wages
We still feel like we're far apart on key issues, namely the two-tier system on wages and benefits, and wage parity with the rest of the industry.
hesitate watching
We will be watching, and watching closely, and we will not hesitate to act,