South Florida banks are being watched more closely than others in the nation after regulators tightened standards on exotic mortgages in response to spiking foreclosures.
“We are one of the epicenters of the housing bubble, so regulators have targeted this area, as in Vegas and California,” said Ken Thomas, a Miami-based banking analyst.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]