Construction credit could be affected by financial reform:

04/19/2010 | Reed/ACP Construction Data

"Naked" risk -- a loan without the necessary reserves or insurance to cover the exposure -- wreaked havoc on the world's financial system, and legislation to require banks to reduce their naked risk is part of a financial reform plan under debate. However, the requirements may affect private construction by forcing mortgage lenders to keep a 5% interest in risky loans, writes Jim Haughey.

View Full Article in:

Reed/ACP Construction Data

Published in Brief: