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Friday, June 29, 2007

Federal Financial Regulatory Agencies Issue Final Statement on Subprime Mortgage Lending

by Calculated Risk on 6/29/2007 10:56:00 AM

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.