NEWS

Fri, Jun 18

Stricter mortgage rules just first step in housing

©Reuters 2010

 

A broad rewrite of financial rules will make it tougher to get a mortgage, but Congress may not be going far enough to crack down on the easy home loans at the heart of the financial meltdown.

 

Lawmakers negotiating final changes to a sweeping overhaul of Wall Street's rules last week melded housing-related provisions from competing financial reform bills from the Senate and the House of Representatives, taking one more step to finalizing stricter rules for home loans. Read more. 

 

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