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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...
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Fed Governor Randall Kroszner (voter), speaking at a conference of state bank supervisors, said that mortgage markets will recover slowly and that the key to the recovery is better risk management. "Recovery in the mortgage markets will take time and will require more market and regulatory discipline...