Feds Pitching New Mortgage-Lending Rules

The Bush administration’s top economic people, including Treasury Secretary Henry Paulson, are expected today to propose new lending rules that are suppose to prevent a repeat of the current credit crisis, according to the Wall Street Journal.

Chief among the proposals will be those dealing with mortgage lenders and brokers. Mr. Paulson said that he would propose stronger federal and state oversight of mortgage brokers and lenders; and nationwide licensing for brokers.

Feds Pitching New Mortgage-Lending Rules