What Have We Learned to Prevent This From Happening Again? - 02/13/09 07:39 AM
Not to sound to ex-Presidential, but it all depends on what the definition of "this" is.  Is the question how do we prevent the mortgage environment from seeing these types of losses again?  Is it, how do we avoid the overall economic turmoil we are facing across all industry?
Let's talk mortgages first.  We, as an industry, got away from sound and prudent underwriting principles and now we, as a country, are facing the consequences.  It has always been said that the American Dream is to own your own home.  That dream has been distorted to everyone should own their own … (7 comments)

 
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Steve Richman

Raleigh, NC

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Genworth Financial

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