Regulators Tighten Some Mortgage Rules
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Lenders say the move which tightened ÂexoticÂ mortgages might stifle the use of loans that make houses more affordable.
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WASHINGTON -- Federal regulators directed banks on Friday to properly explain the risks posed to borrowers from interest-only and other nontraditional mortgages.
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A federal regulator yesterday suggested that a measure that would allow Fannie Mae and Freddie Mac to take on jumbo mortgages could divert loan money from less expensive housing.
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H&R Block looks to unwind a blockheaded move into subprime mortgages.
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Securities regulators yesterday gave more than 2,000 public companies a brief reprieve from new rules requiring them to assess the strength of their financial safeguards, one of the most
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The federal regulator of mortgage giant Fannie Mae has extracted a laundry list of reforms from the troubled mortgage lender. Fannie&#39;s outside directors submitted to the regulatory
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The crisis in the U.S. subprime  mortgage market has heightened tension between mortgage lenders  and brokers who both hope to shape any laws aimed at stamping  out dangerous loans.
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Securities regulators yesterday voted to overhaul a corporate rule covering financial risks, reacting to intense pressure from Congress and years of criticism from industry groups who claim the directive proved too expensive and burdensome.
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Fed moves don't always mean lower rates for borrowers.
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Some progress is being  made to modify home loans to borrowers with poor credit  histories but more work by regulators and industry is needed, a  senior U.S. banking regulator said on Thursday.
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Banking regulators on Friday completed guidelines that call on lenders to strictly evaluate borrowers' ability to repay home loans.
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Bank regulators have agreed on new  standards for subprime mortgage loans and are prepared to  release it Friday, several sources familiar with the matter  said Thursday.
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The crisis in the subprime mortgage market has heightened tension between mortgage lenders and brokers who both hope to shape any laws aimed at stamping out dangerous loans.
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The US Department of Housing and Urban Development (HUD) will propose an easing of rules that will require Fannie Mae (FNM.N: Quote, Profile, Research) and Freddie Mac (FRE.
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The Federal Reserve Board on Tuesday considered new protections for high-cost mortgage borrowers to avoid a repeat of the loose lending standards that have put many Americans at risk of losing their homes.
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Capitol Hill weighs fixes to lending industry, but divergent views on market regulation may limit results.
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Federal bank regulators, worried about a surge in defaults on high-risk home mortgages, on Friday called on lenders to exercise caution in making subprime loans and closely evaluate borrowers' ability to repay them.