Banks Fight Rules Regulating Risky Mortgage Loans11:54


The Dodd Frank bill that passed last year to overhaul finance industry laws has a pretty minimal requirement for home loans.

One such provision requires that lenders should determine that people can probably repay a loan before lending them money to buy a home.

Now the banking industry is challenging that requirement, as it seeks a return to riskier mortgage loans.

The fight comes as banks are negotiating penalties for poor foreclosure practices that led to improper evictions of homeowners.


This segment aired on August 2, 2011.

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