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Delivering comments at the FDIC's Minority Depository Institutions National Conference in Chicago, Fed Governor Randall Kroszner said the Fed's new rules on mortgages would alleviate pressures in nearly the entire subprime sector and some other alternative mortgage markets . "At the core of our program...
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Speaking at the Federal Reserve open meeting on mortgage rules , Federal Reserve Chairman Ben Bernanke said the new rules will be aimed at protecting consumers from deceptive practices. Bernanke said that the new rules would apply to all mortgage lenders, as delinquencies and foreclosures continue to...