The recent round of lawsuits against wholesale mortgage originators is one of the most pressing concerns mortgage banks have to face, an officer of the mortgage industry's trade group said.

Marc C. Smith, president-elect of the Mortgage Bankers Association of America, spoke about the issue in a state-of-the-industry address that opened the MBA's chief financial officers conference. Mr. Smith is president and chief executive officer of Crestar Mortgage Corp., Richmond, Va.

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