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Fed tightens mortgage rules

Posted by Binyamin Appelbaum December 18, 2007 12:29 PM

Boom. The Federal Reserve tightened the screws on the mortgage industry this morning after years of insisting that increased oversight was either inappropriate or impractical.

The proposed rules (read them here) are stricter than many observers had expected.

What are your thoughts on the Fed's action?

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About boston real estate now
Scott Van Voorhis is a freelance writer who specializes in real estate and business issues.
Rona Fischman is a buyer's agent who provides a look at the local housing scene, from basements to attics.
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