Lockhart Blames Industry For Woes, Says Change Is Too Slow
James Lockhart, director of the Federal Housing Finance Agency, chastised the private label mortgage-backed securities market for the high number of delinquencies and for being too slow to implement loan modifications.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ European securitization issuance database
- ✔ Daily newsletters across markets and asset classes
- ✔ 1 weekly securitization podcast