Fed Chief Calls for New Mortgage Rules
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Ben S. Bernankeâs call for consideration of stricter regulation of mortgage lending practices signals a shift from regulatory policy over the past several years.
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U.S. lenders would have to determine  that a borrower can afford a mortgage before making the loan  under a Federal Reserve staff proposal on new regulations  released on Tuesday.
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Federal Reserve Chairman Ben Bernanke said on Friday that being predictable was the cornerstone of running a successful central bank policy.
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Former Federal Reserve Chairman Alan Greenspan said in an interview published on Monday the Fed would have to raise interest rates to double-digit levels in coming years to thwart inflation.
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Ben S. Bernanke said today that the central bank âstands ready to take additional actions as neededâ to limit the effect of the financial market disorder on the economy.
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A Federal Reserve plan being unveiled Tuesday would give people taking out home mortgages new protections against shady lending practices
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WASHINGTON -- Federal Reserve Chairman Ben Bernanke urged Congress on Tuesday to bolster regulation of mortgage giants Fannie Mae and Freddie Mac, and suggested limiting their massive holdings to guard against any danger their debt poses to the overall economy.
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Former Federal Reserve Chairman Alan  Greenspan said in an interview published on Monday the Fed  would have to raise interest rates to double-digit levels in  coming years to thwart inflation.
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San Francisco Federal  Reserve President Janet Yellen on Tuesday repeated the need for  Fed policy to maintain a bias toward additional interest rate  increases.
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Federal Reserve Chairman Ben  Bernanke warned Congress on Thursday that raising the ceiling  on the size of loans that mortgage finance enterprises Fannie  Mae  and Freddie Mac  can buy could undermine  market discipline.
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Ben S. Bernanke said the Federal Reserve was âprepared to act as neededâ but suggested developing a wider range of mortgages for borrowers hit by the housing slump and credit crunch.
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Alan Greenspan, when chairman of the Federal Reserve, brushed off an idea to boost scrutiny of subprime mortgage lenders, a former Fed governor told the Wall Street Journal.
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Federal Reserve Chairman Ben  Bernanke, in a letter to Democratic Sen. Charles Schumer of New  York, said he did not think caps on investment limits for  Fannie Mae  and Freddie Mac  needed to be lifted.
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The Federal Reserve proposed new regulations yesterday to clean up a broad array of deceptive mortgage lending practices, a move that represents the central bank's most significant response to the nation's housing tumult.
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WASHINGTON -- Federal Reserve Chairman Ben Bernanke told Congress Thursday the credit crisis has created "significant market stress" and offered fresh assurances that regulators would take steps to curb fallout related to the mortgage mess.
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Federal Reserve Chairman Ben Bernanke said Tuesday that risks from inflation or a worse-than-expected housing slump could further complicate things for an economy that already is in slowdown mode.
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U.S. bank regulators issued new standards for subprime mortgage lending Friday that includes several new consumer protections.