Mortgage Overhaul Begins With Borrower Scrutiny Measure

The publication of a rule requiring mortgage lenders to confirm a borrower's ability to repay is the start of an effort by U.S. regulators to reshape the market blamed for sparking the 2008 financial crisis.

Source: http://ml-implode.com/staticnews/2013-01-11_MortgageOverhaulBeginsWithBorrowerScrutinyMeasure.html

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