Fed Board Recommends Tigher Curbs on Subprime Loans
Bloomberg
Dec. 18, 2007. 01:06 PM EST
Fed Subprime Plan: Makes Lenders Responsible for Loan Affordability, Bans Low-Documentation Loans... More »
Fed Subprime Plan: Makes Lenders Responsible for Loan Affordability, Bans Low-Documentation Loans, Limits Pre-Payment Penalties, Requires and Escrow of Taxes and Insurance; Bernanke: New Rules Aim to Deter "Improper Lending", Fed Seeks to Avoid "Unduly" Limiting Credit; "Unfair" Mortgage Practices Hurt Economy; Mortgage Market Discipline Has "Broken Down" « Less
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