Industry News

Bank regulators propose guidelines for subprime ARM lending

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

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
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 ...