Trust Must be Completely Restored in Nation’s Mortgage Delivery System

Wednesday, November 30, 2011

The Daily Transcript -- One of the most critical pre-conditions for restoration of healthy commercial and residential real estate markets is the restoration of trust. For example, underwriting standards are unduly constraining lenders due to lenders’ fears and uncertainty -- and overbearing regulatory scrutiny -- all flowing from the mortgage market meltdown. The collapse of mortgage markets represented a system-wide failure in which every participating industry played a part, ending in a crisis of confidence and the loss of hundreds of billions of dollars in investor equity and government (taxpayer) bailouts. (Full Story)