MortgageLender

Yesterday, Fed Chairman Ben Bernanke announced proposed rules to help protect consumers getting mortgages. The general theory seems to be that the subprime mortgage mess was created because mortgage companies scammed borrowers. I do believe that happened in some cases, but the 1% home mortgage...

U.S. Treasury Secretary Henry Paulson is recommending that the government impose tighter regulations on mortgage lenders. He says this is necessary to avoid another credit crisis. He says that the regulations are behind the times and we need to update them and exercise more oversight of lenders....