John Conyers: “In the absence of any meaningful regulation in the mortgage industry…”

On the recordMarch 25, 2014

In the absence of any meaningful regulation in the mortgage industry, lenders developed high risk subprime mortgages.

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Democratic · Michigan

Source

Criticizing the lack of regulation that led to risky lending practices.

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John Conyers: “In the absence of any meaningful regulation in the mortgage industry, lenders developed high risk subprime mortgages.”