NEW YORK (Reuters) - U.S. policy makers, led by Treasury Secretary Henry Paulson, will recommend a revamp of rules on credit markets and mortgage brokers, to help avoid a repeat of the recent credit crunch, the Wall Street Journal reported on Wednesday.
Paulson said in an interview that the President's Working Group of Financial Markets would recommend strengthening state and federal oversight of mortgage lenders and brokers.
The plan comes as the government and the Federal Reserve seek to fix a debilitated U.S. mortgage bond and housing markets.
Paulson is due to deliver a speech on financial markets on Thursday at the National Press Club at 10 a.m. (1400 GMT).
http://www.reuters.com/article/businessNews/idUSWEN446820080313
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