Friday, February 11, 2011

CNN Money: Obama wants big changes in mortgages

By Ben Rooney, staff writer

The highly anticipated "white paper" outlines steps the administration says will help draw private capital back into the mortgage market, curb unfair lending practices and make federal support for borrowers more targeted.
The plan would phase in changes over a period of years and push back the most dramatic restructuring, which would require congressional approval, until as late as 2018. (Colin Barr: The long goodbye). read more...

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