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UPDATE: Fed To Propose Overhauling Mortgage Disclosure Rules (Nasdaq)

Jul 23, 2009 at 12:31 pm.

WASHINGTON -(Dow Jones)- The Federal Reserve Board on Thursday is set to propose overhauling disclosure rules for mortgages and home equity loans and banning “yield spread premiums”, side payments to mortgage brokers for steering consumers to higher cost loans.

Source:UPDATE: Fed To Propose Overhauling Mortgage Disclosure Rules (Nasdaq)

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