BUSINESS

Wall Street Gains New Weapon In Battle Against Homeowners

12/18/2012 08:39 am ET | Updated Feb 17, 2013

As regulators complete new mortgage rules, banks are about to get a significant advantage: protection against homeowner lawsuits.

The rules are meant to help bolster the housing market. By shielding banks from potential litigation, policy makers contend that the industry will have a powerful incentive to make higher quality home loans.

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