House panel OKs bill to hold mortgage lenders more accountable

Lawmakers and the Bush administration have been scrambling to address the fallout from the subprime-mortgage meltdown. More than 2 million subprime mortgages are expected to reset to higher interest rates in the next 18 months. The Bush administration says current trends suggest there will be just over 1 million foreclosures this year, with 620,000 of those in the subprime market.

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