MortgageMarketsandFinancialRegulation-IPMA-WA.pptVIP

Mortgage Markets and Financial Regulation:?;Changes in the last 25 years;Money used to be tight, but the lending delivery system was fairly easy to understand.;Then market, cultural and government forces combined to radically change lending practices.;Help from Wall Street and lax federal regulation eventually made the flow of money very loose.;Money was easy, but the delivery system had grown too complex to understand . . . or regulate.;;Present conditions;Nationally, the mortgage crisis did not really hit until 2007 with “subprime ARM” defaults.;U.S. market conditions, while bleak, are not n