New Mortgage Lending Regulations Require Proof of Borrower's Ability to Repay




Stories of the Week | PBS NewsHour Podcast | PBS show

Summary: A new set of federal guidelines on mortgage lending has been released in efforts to protect banks and potential homeowners from the risky practices that caused the 2008 housing crisis and economic collapse. Margaret Warner talks to Richard Cordray, director of the recently-established Consumer Financial Protection Bureau.