House bill sets standards for mortgage lenders (Pioneer Press)
Story date: 2007-10-22 10:24:35
Added on: 2007-10-23 09:28:32
A leading House Democrat took on the banking industry Monday with a bill to restrict lending practices partly blamed for the nationwide surge in mortgage defaults and foreclosures. The legislation introduced by Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, aims to prod states into enacting stronger mortgage regulations and sets up federal-level regulations if ...
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