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FedÕ Krozner: Improved Underwriting, Risk Management Critical to Mortgage Market Recovery 

May 22, 2008By

Recovery in the mortgage markets will take some time to materialize, although it will materialize — eventually — Federal Reserve governor Randall Krozner said Thursday afternoon. Characterizing market recovery as “a gradual process that requires both market and regulatory discipline,” Krozner said that better information and transparency will be needed to restore investor confidence and bring liquidity back to a mortgage market that has been battered, and in some sectors, even left for dead.

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