Friday, January 6, 2012

Fed governor suggests tight underwriting is stalling recovery

Federal Reserve Board Governor Elizabeth Duke says tighter underwriting in the lending space is stalling a meaningful housing recovery and impeding overall economic growth.
She also believes that while controversial, the government-sponsored enterprises may be required to play a larger role in the housing recovery until a safe hand-off to the private market can occur. She [...] Fed governor suggests tight underwriting is stalling recovery:

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