Tucked into the landmark financial legislation making its way through Congress are little-publicized provisions aimed at preventing a repeat of the mortgage meltdown that ultimately doomed global financial markets. The measures are designed to curb abusive lending practices that lured people into ill-suited loans prone to foreclosure. The overarching goal is to align the financial incentives of lenders with the financial well-being of consumers.
0 minute readSenate, House financial overhaul targets lending practices of mortgage crisis
May 27, 2010, 1:26pm
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
