Proposed mortgage rules face hurdles

Mon, Oct 29th 2007, 16:37

WASHINGTON -- Democrats introduced legislation Monday that would tighten an array of mortgage lending standards and require U.S. regulators to issue new rules ensuring that loans be made only to borrowers who can afford to repay them.

The bill, by Rep. Barney Frank (D-Mass.) and two North Carolina colleagues, could set the baseline for the emerging debate over how to prevent a repeat of the mortgage meltdown. But its passage is by no means assured, and elements of the bill are likely to draw intense opposition from the lending industry.http://www.latimes.com/business/la-fi-mortgage23oct23,1,6715773.story?coll=la-headlines-frontpage&ctrack=1&cset=true

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Novice challenges city council incumbent Clark

Thu, Oct 25th 2007, 14:10

Judy Fenton, who wants to retrofit the Alaskan Way Viaduct and remove statues at the Olympic Sculpture Park, is running for Position 9 against incumbent Sally Clark, who wants to continue the work she's done for the city's neighborhoods.

"I'm a geek for Seattle's neighborhoods," Clark said.

"I want to figure out how to both retain the character that we like about them and see them grow in ways that allow new people to move in."

http://seattletimes.nwsource.com/html/localnews/2003946792_elexseacouncilnine13m.html

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