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.”
To contact the reporter on this story: Jesse Hamilton in Washington at firstname.lastname@example.org
To contact the editor responsible for this story: Maura Reynolds at email@example.com