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Article: La Ware sees risks in home equity loans. (Federal Reserve Board Governor John La Ware)
- Article from:
- American Banker
- Article date:
- March 10, 1992
- Author:
CopyrightCOPYRIGHT 1992 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ARLINGTON, Va. -- Just when bankers were daring to feel better about a slowdown in mortgage and credit card delinquency rates, a senior regulator has issued a warning about home equity loans.
Federal Reserve Board Governor John LaWare voiced concern Monday about the credit quality of the loans, which are among the fastest growing assets on banks' books.
"While the recent record has been reasonably good and the business still offers real opportunities for banks, there are some emerging trends that may deepen the worry wrinkles on regulators' faces," he told delegates at a home equity conference sponsored by the Consumer Bankers Association.
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