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Fed Moves to Keep Watch over Subprime Lenders

Effective immediately, the Federal Reserve will start scrutinizing a class of bank subsidiaries that includes subprime lenders, determining whether they comply with all the government agency's consumer-protection rules and investigating customer complaints.

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House Passes Two FHA Reform Measures in Voice Votes

The House of Representatives passed two housing measures this week designed to assist certain borrowers of Federal Housing Administration loans, earning kudos from some of the nation's largest trade groups in the mortgage and housing industries.

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Fannie CEO Says GSE Will Speed Up Lending

Saying the U.S. housing recovery has a long road ahead, the president of Fannie Mae indicated Wednesday that the government-sponsored mortgage giant will accelerate its funding in sales of loan-backed assets in an attempt to give lending a shot in the arm.

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