November 2007
American Banker;11/8/2007, Vol. 172 Issue 216, p11
Trade Publication
This article provides an update of pending banking legislation in the United States. The U.S. House Financial Services Committee passed a bill 45 to 19 that would rein in underwriting standards for all mortgage originators and create limited liability for securitizers that package loans on the secondary market. Senate Majority Whip Richard Durbin and Sen. Arlen Specter, both of whom have introduced bankruptcy reform hills, .are said to be working on an agreement to merge them.


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