Monday, April 2, 2007

Clinton calls for Lending Reforms

U.S. Sen. Hillary Rodham Clinton, presidential candidate, swept through Orlando on Saturday with a message of needed reforms in mortgage lending to stem a wave of home foreclosures sweeping the nation:

Mortgage contracts need to be written in plain, easy-to-understand English; banks shouldn't target the poor for unfair deals; and the government should require a timeout before a bank can take someone's home.
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