Tuesday, June 26, 2007

Subprime crisis opens banker, broker rift

(Reuters) - Legislation requiring more disclosure by mortgage brokers could be introduced as early as this week and is likely to widen a rift that has opened with heated rhetoric in recent weeks.




At the end of May, Mortgage Bankers Association Chairman John Robbins laid much of the blame for the subprime meltdown at the feet of brokers who he said need more oversight.


Read more at Reuters.com Bonds News

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