Industry News

Senator urges tighter lending rules

Fed to hold hearing in June, but Bernanke cautions against crackdown
Published on May 25, 2007

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by CareyBot

Sen. Chris Dodd, the Connecticut Democrat who chairs the Senate Banking Committee, wants the Federal Reserve to use its rule-making authority to require that mortgage loan originators fully evaluate a borrower’s ability to make loan payments, restrict the use of ...

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