Federal regulators are warning the world to get ready
for the next wave of problems in the banking world.
Up to now banks have been struggling to deal with the piles of
delinquent debt from earlier subprime lending to homeowners and the
dozens of federal, state, and lender originated programs being proposed
are all designed to address this crisis.
That situation is only getting worse according to information released
last week by the Mortgage Bankers Association (MBA).
But, while lenders and investors have been working to raise the
necessary capital reserves to withstand looming write-offs and losses
from this consumer-based mess, a new group of bank customers have been
watching their own situation get worse.
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