Wednesday, January 2, 2013
New mortgage standards must be measurable

The nation is still feeling the effects of risky mortgage lending that helped fuel the 2008 financial crisis.

That's why it's important as federal regulators aim to write new mortgage rules by Jan. 21 that banks are held to account for lending decisions without cutting off the flow of credit. Banks say if they follow new rules, they should gain a full legal shield from home...

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