Federal Bank Agencies Publish Examples Of Information To Be Provided For Hybrid Mortgage Products
On May 29 federal banking regulators published illustrations for lending institutions to use when providing consumer information on hybrid adjustable rate mortgage loan products. The document is intended to assist home loan providers in implementing subprime lending guidance recently published by the Federal Reserve Board, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, the Federal Deposit Insurance Corporation and the National Credit Union Administration.
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