Summary: | The federal financial regulatory agencies are seeking comment on the attached proposed Statement on Subprime Mortgage Lending (Subprime Statement) . The Subprime Statement addresses the risks and emerging issues relating to subprime mortgage lending practices, most notably certain adjustable-rate mortgage (ARM) lending products. Comments are due by May 7, 2007. |
Highlights:
The proposed Subprime Statement :
The FDIC encourages institutions that offer subprime mortgage products to review and comment on the attached Subprime Statement .
Distribution:
Suggested Routing:
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Additional Related Topics:
- Real Estate Lending
- Subprime Lending
- Nontraditional Mortgage Lending