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Released: December 18, 2012
Banks seek a shield in mortgage rules
Source: Peter Eavis, N.Y.Times (Free Registration)
As regulators complete new mortgage rules, banks are about to get a significant advantage: protection against homeowner lawsuits.
The rules are meant to help bolster the housing market. By shielding banks from potential litigation, policy makers contend that the industry will have a powerful incentive to make higher quality home loans. But some banking and housing specialists worry that borrowers are losing a critical safeguard.
Read Full Article: Banks seek a shield in mortgage rules
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