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2007 housing sub-prime lending debacle

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Credit policy has been a key issue during the 2007 housing sub-prime lending debacle, in particular "American Home Mortgage." Credit is an important business tool that can have significant financial consequences. What could a company like this have done to ensure that credit facilities are used effectively and to the benefit of the creditor-business owners?

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The solution discusses what could a company do to ensure that credit facilities are used effectively and to the benefit of the creditor-business owners.

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American Home Mortgage could have put in more regulations for their creditor-business owners to follow so that their credit facilities were being a little more strict when handing out credit. The problem was that there weren't a lot of regulations and the ones ...

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