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2009-01-08 — housingwire.com
"An interesting little survey released Thursday morning suggests that banking executives see lax underwriting and politics as the chief reasons behind the nation’s housing and credit crises. A survey conducted by Grant Thornton LLP and Bank Director magazine found that underwriting and a “political emphasis on increasing home ownership,†as well as a “lack of oversight of the mortgage industry†were cited as the top three causes for the current credit crisis."
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