Tag Archive | "Federal Reserve"

Fed Bid to Limit Rescission Rights Sparks Consumer Outrage

Tuesday, January 11, 2011

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The Federal Reserve is moving ahead with plans to change the right-of-rescission rule as part of the Truth in Lending Act (TILA) despite intense outcry from consumer advocates and top members of the Senate Banking Committee.

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Banks Tighten Standards as Mortgage Demand Falls

Tuesday, November 9, 2010

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Even as demand for mortgages declined with the expiration of homebuyer tax credit in the third quarter, a small number of banks tightened standards on both prime and nontraditional mortgage loans, reversing a slight net easing reported in the second quarter.

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