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Alternative Mortgage Products
LETTERS/TESTIMONY
PRESS RELEASE
LEGISLATIVE/REGULATORY INFORMATION
Proposed Nontraditional Mortgage Guidance: The OCC, Board, FDIC, OTS, and NCUA invited comment on a proposed Interagency Guidance on Nontraditional Mortgage Products. The Agencies expect institutions to effectively assess and manage the risks associated with their credit activities, including those associated with nontraditional mortgage loan products. Institutions should use this guidance in their efforts to ensure that their risk management and consumer protection practices adequately address these risks.
Final Illustrations of Consumer Information for Nontraditional Mortgage Products: The OCC, Board, FDIC, OTS, and NCUA published Illustrations of Consumer Information for Nontraditional Mortgage Products. The illustrations are intended to assist institutions in implementing the consumer protection portion of the Interagency Guidance on Nontraditional Mortgage Product Risks
Click here for the Proposed Illustrations of Consumer Information for Nontraditional Mortgage Products.
Final Nontraditional Mortgage Guidance: This guidance is intended to clarify how institutions
can offer nontraditional mortgage products in a safe and sound manner, and in a way that clearly discloses the risks that borrowers may assume.
Questions? Please contact Mark Tenhundfeld for more information.
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