(Reuters) - 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.
On Thursday, Kroszner himself will chair a Fed hearing on its enforcement of the Home Ownership and Equity Protection Act , which gives the central bank broad authority to prohibit unfair lending practices.
Read more at Reuters.com Bonds News
On Thursday, Kroszner himself will chair a Fed hearing on its enforcement of the Home Ownership and Equity Protection Act , which gives the central bank broad authority to prohibit unfair lending practices.
Read more at Reuters.com Bonds News
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