Fed to Unveil Home Mortgage Plan
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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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The Federal Reserve will team with state regulators to police subprime-mortgage lenders and brokers, bridging a gap in oversight that helped fuel record defaults on homes bought by borrowers with weak credit.
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The chairman of the U.S. House of  Representatives Financial Services Committee will this year  scrutinize the mortgage lending industry and draft new consumer  protections for credit card holders, he said on Friday.
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Home foreclosures have set a record in the face of a Fed request to avoid taking homes.
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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 is likely to tell Congress this week the central bank is more worried U.S. inflation will flare than it is that housing market turbulence will seriously damage the economy.
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The Federal Reserve Board said on  Friday it has scheduled an open board meeting on December 18 to  discuss proposed rule changes on mortgage lending to address  unfair and deceptive lending practices.
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WASHINGTON (CBS.MW) - The slew of speeches in the past week by Fed officials have cemented views that the Federal Open Market Committee will raise rates on Sept.
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WASHINGTON -- Federal Reserve Chairman Ben Bernanke offered lawmakers fresh assurances on Thursday that regulators are taking steps to better protect would-be homeowners from abusive mortgage practices.
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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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NEW YORK, September 20  - The US Federal Reserve is expected to raise the interest rates and announce its plans for further rate hikes tomorrow.
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U.S. banking regulators plan to issue guidance on the subprime mortgage market as early as Thursday afternoon, two sources familiar with the matter told Reuters on Wednesday.
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WASHINGTON, Sept. 18  â The House approved a plan on Tuesday to expand federal backing of mortgages in hopes of helping struggling homeowners avoid foreclosure.
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The Fed unveils guidance for lenders that asks them to work with borrowers to avoid defaults.
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Federal Reserve Chairman Ben Bernanke is scheduled to testify before the House of Representatives' Financial Services Committee on September 20, a spokesman for the panel said on Thursday.
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WASHINGTON -- Federal Reserve policymakers are widely expected to raise interest rates to their highest level in three years when they meet Wednesday.
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US mortgage finance company Fannie Mae on Friday said it would make public information about some securities it issues to comply with new Securities and Exchange Information rules.