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Bankowość · 10.07.2007

Statement on Subprime Mortgage Lending

The Agencies are issuing a final interagency Statement on Subprime Mortgage Lending. This guidance has been developed to clarify how institutions can offer certain adjustable rate mortgage (ARM) products in a safe and sound manner, and in a way that clearly discloses the risks that borrowers may assume.

Source: Federal Register — Office of the Comptroller of the CurrencyOpen original release →