In testimony this morning to the House Financial Services Committee, Mr. Bernanke said a full review of consumer protection regulations was under way under existing regulatory authority.
“The recent problems in subprime lending have underscored the need not only for better disclosure and new rules but also for more-uniform enforcement in the fragmented market structure of brokers and lenders,” he said.
From Fed Chief Calls for New Mortgage Rules - New York Times

If you read only one article about mortgages, this should be that article.