Bankowość · 29/12/2005

Interagency Guidance on Nontraditional Mortgage Products: Public Comment Request

The Office of the Comptroller of the Currency (OCC), Federal Reserve Board, Federal Deposit Insurance Corporation (FDIC), Office of Thrift Supervision (OTS), and National Credit Union Administration (NCUA) are seeking public comment on a proposed guidance document titled "Interagency Guidance on Nontraditional Mortgage Products". The agencies aim to ensure that financial institutions properly assess and manage the risks associated with nontraditional mortgage loans.