Monday, May 21, 2007

UPDATE 1-Fed official-don't choke off subprime lending

(Reuters) - "Mortgage market problems need to be addressed in a way
that addresses unfair and abusive practices while preserving
incentives for responsible subprime lenders," said Sandra
Braunstein, director of the Fed's division of consumer and
community affairs, in the text of a speech.




Braunstein was speaking before a House of Representatives
government oversight panel hearing in Cleveland.


Read more at Reuters.com Bonds News

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