Fed Board Recommends Tigher Curbs on Subprime Loans

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