NCUA Failed to Spot CU’s High Concentration of Risky MBS

A new report issued by the National Credit Union Administration blames the agency’s Office of Corporate Credit Unions for failing to identify a high concentration of risky MBS at the now defunct Southwest Corporate Credit Union of Texas, a $12 billion institution.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_442/ncua-cu-risky-mbs-1026751-1.html

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