by Calculated Risk on 6/29/2007 10:56:00 AM
Friday, June 29, 2007
Federal Financial Regulatory Agencies Issue Final Statement on Subprime Mortgage Lending
From the Fed: Federal Financial Regulatory Agencies Issue Final Statement on Subprime Mortgage Lending
The federal financial regulatory agencies today issued a final Statement on Subprime Mortgage Lending to address issues relating to certain adjustable-rate mortgage (ARM) products that can cause payment shock.Here is the Statement on Subprime Mortgage Lending.