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The Federal Reserve is holding a hearing in Washington on June 14 about abusive lending practices. The Fed is looking for a way to curb abuse without discouraging responsible lenders from extending credit. You can imagine that getting on the list of speakers is a hot ticket inside the Beltway. If you want to speak or submit comments, check out this press release from the Fed and follow the instructions….
BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.