Investor's Business Daily - Federal Deposit Insurance Corp. Vice Chairman Martin Gruenberg broadly endorsed a House Dem bill that would change how home loans are made, securitized and supervised. He backed a provision to impose some liability on investors that buy mortgages. Fed Gov. Randall Krosner also was generally favorable. But the Mortgage Bankers Association cited "fundamental flaws." Bankers are upset the reforms will impose tougher federal rules while not pre-empting separate state laws.
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