2009-01-26housingwire.com

President Barack Obama’s administration was promising over the weekend quick actions geared to tighten regulations on the U.S. financial system. Changes in the works might include strict federal regulations on hedge funds, credit rating facilities and mortgage brokers. Presidential aides said they planned to propose federal standards for mortgage brokers that issued inappropriate mortgage products and are regulated by state officials, according to a New York Times report Saturday."



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