Subprime Loan Surge Potentially Risky

Subprime Loan Surge Potentially Risky - Fed's Gramlich

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00001597-subprime-loan-surge-potentially-risky-fed/

The huge expansion of loans to lower-income borrowers over the past decade could be a potential risk in credit markets, U.S. Federal Reserve Board Governor Edward Gramlich said on Monday.

During audience questions at an event sponsored by a law firm in Pittsford, N.Y., Gramlich said a surge in sub-prime lending in the past 10 years could be a “potential issue” in credit markets.

For this complete story, please visit Subprime Loan Surge Potentially Risky – Fed’s Gramlich.

Subprime Loan Surge Potentially Risky - Fed's Gramlich

Unknown Author

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