Audio – Homebuilder CEO supports mortgage industry regulation

June 27, 2007

robert-toll.jpgMortgage industry excess has led housing into a “black hole,” the chief executive of luxury homebuilder Toll Brothers told the Reuters Global Real Estate Summit.

In an era when mortgage brokers are paid on commission, government intervention is worth the risk of overregulation, Robert Toll said. 

Click here to hear Toll on regulation’s pros and cons.

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