NEWSFri, Jun 18Stricter 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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