OCC Chief Says Reviving Mortgage Securitization Is Recovery Key

Reopening the U.S. mortgage securitization pipeline is a vital step toward a housing market recovery that will boost the wider economy, Comptroller of the Currency Thomas Curry said today in a Las Vegas speech.

“Underwriting standards will need to find a new equilibrium of risk and reward for a sustainable mortgage market,” Curry said in remarks prepared for an American Securitization Forum conference. “Getting the securitization pipeline flowing again is a critical component in turning this picture around.”

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