Think Tank Says Housing Legislation is Just First Step, More Needed, Including New Rules for Home Mortgages
June 26, 2008
Policymakers not only need to enact the housing rescue legislative package pending in Congress, they also need to adopt rules to usher in “a new era in home equity loans,” according to a report issued mid-week by the public policy center Demos. “The mortgage industry cries out for new rules, both to protect homeowners and honest lenders in the here and now, and to guard against the next...