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Credit underwriting standards and profitable growth.(Retail Risk Management)(Retail Risk Management Conference)

During the 2005 RMA/CBA Retail Risk Management Conference, Gail Gandy, a Regional Risk manager at Wachovia Bank, and Dan Wolf, director of Consumer Risk at RBC Centura Bank, led a lively discussion on the challenges affecting today's risk managers.

6 Six management challenges have emerged from a combination of explosive growth in retail lending--particularly HELOCs, relaxed underwriting standards, improved performance in delinquencies, a shift from the stock market to real estate as an investment, and an increase in non-owner-occupied financing and compressed spreads. Gail Gandy, a Regional Risk manager at Wachovia Bank, and Dan Wolf, director of Consumer Risk at RBC ...

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