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

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


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July 23, 2009
   

   
 

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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