Regulators Recommend Subprime Disclosures - Mortgage Forums for Mortgage Brokers

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Regulators Recommend Subprime Disclosures

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05-22-2008, 04:42 PM

Veronica Corningstone Veronica Corningstone is offline

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Regulators Recommend Subprime Disclosures

Final illustrations were issued today by the federal financial regulatory agencies that explain risky aspects of subprime loans and illustrate how hybrid adjustable-rate mortgages work. The illustrations are part of the Statement on Subprime Mortgage Lending which became effective on July 10, 2007. The illustrations are not mandatory.

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