Bank Regulators Agree On Subprime Rules: Sources
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Bank Regulators Agree On Subprime Rules: Sources

Bank regulators have agreed on new standards for subprime mortgage loans and are prepared to release it Friday, several sources familiar with the matter said Thursday.

The five regulators released a draft of the guidance in early March, and have been consulting both internally and externally on how to refine the standards that will guide how depository lenders make loans to borrowers with damaged credit.

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