Mortgage regulations head to Senate - 2005-01-18
Suggested regulations on the residential mortgage industry are going through the Legislature.

The bill would put "top down" licensing on the residential mortgage industry, where the board and senior executives would be held responsible for the actions of their employees.
Read the full story at Billings Gazette

Who suffers most if housing bubble in bursts? - 2005-01-18
Millions of Americans became stockholders near the end of the late 1990s, just in time to experience the biggest bear market in a generation. Does the same fate await millions of first-time homeowners?

At the same event, Federal Reserve governor Edward Gramlich acknowledged concerns. Some 7 percent of "subprime" mortgages - those made to borrowers with poor credit, who are predominantly on low income - are already seriously delinquent, compared with 1 percent of prime mortgages.
Read the full story at AZ Central.com