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Real Estate & Property Law

: The Home Equity Theft Reporter

Federal Reserve To Support Tougher Rules Regulating Mortgage Servicing Rackets; Reverses Earlier Stance

By r morris

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The Huffington Post reports:The Federal Reserve has reversed its opposition to new rules reining in foreclosure abuses, and will support stronger regulations on the nation's largest banks, according to a source familiar with the matter.***Problems in the packaging and sale of mortgage bonds helped inflate the housing bubble and facilitated the sale of predatory loans nationwide. Since banks could

Full post as published by The Home Equity Theft Reporter on January 07, 2011 (boomark / email).

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