New Federal Reserve Rules for Home Mortgage Loans @ Mortgage Rates, Mortgage Calculator, Current Mortgage Rates, Refinance Rates, HELOC/Home Equity, Mortgage Reviews, Mortgage Rate Tables, 30 year, 15 year, 5/1 ARM,

Last July the Federal Reserve approved final rules regarding home mortgage loans that took effect October 1, 2009. The rules are designed to better protect consumers by facilitating responsible home mortgage lending by banks, mortgage companies and mortgage brokers… something that wasn’t done during the go-go years of the housing bubble.