(Reuters) - "We will also seriously consider whether there are mortgage
lending practices that should be prohibited," Kroszner said in
prepared remarks at a U.S. House of Representatives Financial
Services Committee discussion on consumer protection.
Kroszner said the Fed was specifically eyeing
'stated-income' loan applications and prepayment penalties, as
well as considering whether lenders should require monthly
payments of annual fees like taxes.
Read more at Reuters.com Bonds News
lending practices that should be prohibited," Kroszner said in
prepared remarks at a U.S. House of Representatives Financial
Services Committee discussion on consumer protection.
Kroszner said the Fed was specifically eyeing
'stated-income' loan applications and prepayment penalties, as
well as considering whether lenders should require monthly
payments of annual fees like taxes.
Read more at Reuters.com Bonds News
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