Economy - Thursday (Investor's Business Daily)

[riky]

Economy - Thursday
    (Investor's Business Daily)

 

Investor's Business Daily - Federal Reserve Gov. Randall Kroszner says curbing shady lending practices to protect consumers would restore confidence in the mortgage markets and preserve the capital flow to consumers who wish to buy a home. The Fed's proposal would restrict lenders from penalizing risky borrowers who pay loans off early, require lenders to make sure borrowers set aside money for taxes and insurance, and bar lenders from making loans without proof of a borrower's income.


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