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Regulators tighten subprime lending rules (Reuters)

June 29th, 2007 by

Three homes display 'For Sale' signs in a row on Palma Bonita Lane in Perris, California May 2, 2007. U.S. bank regulators issued new st&ards for subprime mortgage lending Friday that includes several new consumer protections. (Mark Avery/Credit Repair News)Credit Repair News - Bank regulators tightened st&ards
for mortgage lending on Friday in a bid to curtail risky
practices that have been blamed for a record level of
foreclosures.

Posted in Credit Repair |

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