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Home » Store » News » Legal Issues, Feasibility Lead Wall Street to Balk at Proposed Predatory Standards

Legal Issues, Feasibility Lead Wall Street to Balk at Proposed Predatory Standards

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Underwriters of securities backed by subprime mortgages should not be asked to endorse proposed lending standards designed to prevent predatory lending practices, according to the Bond Market Association. The Association of Community Organizations for Reform Now, a leading national community advocacy group, has drafted a set of predatory lending standards for the secondary market that set forth specific criteria for determining whether a
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