Industry News

Bank regulators propose guidelines for subprime ARM lending

Tighter underwriting, disclosure standards considered for hybrid ARMs
Published on Mar 2, 2007

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by CareyBot

Responding to a rise in delinquencies on subprime mortgage loans, Federal bank regulators are moving to tighten underwriting and disclosure standards for some adjustable-rate mortgages. Like guidance issued in September for “exotic” interest-only and payment-option loans, the proposed guidelines for ...

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