Poor Risk Management, Unrealistic Optimism Collapsed Housing: MBA

It’s hard to pinpoint just what brought the nation’s thriving residential real estate market to its knees. Everyone’s got an opinion, but trying to nail down the exact trigger in order to prevent a sequel is a difficult task. The Mortgage Bankers Association (MBA) is attempting to do just that. According to a study released Wednesday by the trade group, poor risk management habits, including insufficient data and incomplete performance metrics, coupled with a short-term focus and unrealistic optimism among senior business managers were all factors that contributed to the collapse of the U.S. housing and mortgage markets.

Link to the rest of the article: http://bit.ly/bARC1j

Advertise With Us

Advertise With Us
Apply to be the Exclusive Foreclosure Expert in your Region... Learn More!

USHUD.com on the Go!

Foreclosure Mobile App
Ushud Foreclosure iPhone App
Ushud Foreclosure Android App

5 Most Expensive Mistakes

Top 5 Mistakes

Follow Us

Facebook Icon Youtube Icon Twitter Icon Mimian Icon
AddThis Social Bookmark Button
Website Security Test