US regulators turn their attention to negative equity
Rate cuts have alleviated worries about loan rate resets, only for a new concern to emerge
US regulators switched their focus to negative equity last month, giving an indication of what could be the next big worry in the US housing market.
The Office of Thrift Supervision (OTS), which supervises savings associations, has begun work on a plan to assist borrowers whose houses have fallen in value below the cost of their mortgage. The proposal comes as several analysts at leading banks
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