Fed’s Kroszner Says Fed Rules Will Affect Subprime and Alternative Mortgages

Delivering comments at the FDIC's Minority Depository Institutions National Conference in Chicago, Fed Governor Randall Kroszner said the Fed's new rules on mortgages would alleviate pressures in nearly the entire subprime sector and some other alternative mortgage markets. "At the core of our program, we have implemented a series of web-based ...