Hildreth said the order seeks to ensure consistent regulation of the mortgage market and will be an important tool for his agency in protecting consumers in the subprime lending
Problems with the subprime lending
market also derailed PacificAmerica's merger with Fremont General Corp.
Bourque used a cartoon to illustrate the problem with subprime lending
The impact of the subprime lending
markets is reverberating worldwide and regulatory scrutiny in the U.
plays an important role in access to credit and is booming across the nation, but at the same time, abusive, predatory practices have been flourishing in a subset of this market.
A new section identifies subprime lending
as the extension of credit to borrowers who exhibit characteristics indicating a significantly higher risk of default than traditional bank lending customers.
The recent turmoil in the subprime lending
industry makes it difficult to predict whether any transactions are likely to be completed,'' PacificAmerica said in a statement.
While Manhattan homebuyers rarely rely on subprime lending
The members of the coalition were at the bank yesterday to announce the completion of a report prepared by the Montachusett Regional Planning Commission on foreclosures, bankruptcies and subprime lending
The Board took into account changes in the home mortgage market, including growth in areas such as subprime lending
and loan preapproval programs.