by Bill McBride on 4/07/2006 04:41:00 PM
Friday, April 07, 2006
[Speaking to the New York Bankers Association, John M. Reich, director of the Office of Thrift Supervision] noted that regulators are crafting a specific warning to the industry, known as a guidance, that will restrict the use of these loans. It could be issued within the next few months.emphasis added
The Post writeup is an excellent summary for those not following this story closely.
Posted by Bill McBride on 4/07/2006 04:41:00 PM