THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING

Fed tries to curb excesses in loans

Rules would protect unwary borrowers

By Binyamin Appelbaum
Globe Staff / December 19, 2007

E-mail this article

Invalid E-mail address
Invalid E-mail address

Sending your article

Your article has been sent.

Text size +

The Federal Reserve moved yesterday to limit mortgage industry practices that led to an explosion in foreclosures, including paying bonuses to brokers for selling loans with higher interest rates and charging penalty fees to borrowers for refinancing at lower rates. (Full article: 1113 words)

This article is available in our archives:

Globe Subscribers

FREE for subscribers

Subscribers to the Boston Globe get unlimited access to our archives.

Not a subscriber?

Non-Subscribers

Purchase an electronic copy of the full article. Learn More

  • $9.95 1 month archives pass
  • $24.95 3 months archives pass
  • $74.95 1 year archives pass