A public hearing by the Board of Governors of the Federal Reserve System is being held today to help determine what steps the Board should take to curb abuse in the home mortgage market, especially the sub-prime lenders, without hurting the incentives in place to encourage responsible lenders to provide credit to borrowers.
Click here for the published opening remarks of the meeting.
Previous press release announcing meeting
It will be interesting to see and hear what comes out of this meeting and what their recommendations going forward.
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Federal Reserve Board Public Hearing: Encouraging Responsible Mortgage Lending
1 comment • Lawrence Yerkes - Broker Associate, Southern New Jersey Real Estate Services • June 14 2007 12:50PMComments
A good Post. Seems like help is going to be coming from all the best places. FRB. Informative Post.
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