Critics say Fed's mortgage limits are too little, too late (Seattle Post-Intelligencer)

Story date: 2007-12-18 08:38:59
Added on: 2007-12-18 23:49:44

WASHINGTON -- The Federal Reserve, acknowledging that home mortgage lenders peddled deceptive loans to borrowers who had little chance of repaying them, proposed a broad set of new restrictions Tuesday on exotic mortgages and high-cost loans for people with weak credit.


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