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GC Asia
Fed Proposes Minimum Home Lending Standards
On Tuesday, the Federal Reserve proposed a set of minimum standards for home lending to help ensure that borrowers can afford their mortgages.
On Tuesday, the Federal Reserve proposed a set of minimum standards for home lending to help ensure that borrowers can afford their mortgages. The rules come as a follow-up to last year’s Dodd-Frank Act, which tasked lenders with ensuring that all borrowers have the ability to pay back
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