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Fed to curb shady home lending with new rules
The Federal Reserve announces sweeping loan rules to curb risky practices in mortgage lending, aiming to protect future homebuyers. The plan targets subprime borrowers, requires income verification, and limits penalties for early payoff, with a vote set for Monday.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Ben Bernanke
U.S
Bernanke
Wall Street
Mortgage Bankers Association
Center For Responsible Lending
Alan Greenspan
Greenspan
National Association of Realtors