National Credit Union Administration July 10, 2007 – Federal Register Recent Federal Regulation Documents

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Statement on Subprime Mortgage Lending

Document Number: 07-3316

Type: Notice

Date: 2007-07-10

Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, National Credit Union Administration, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury, Office of Thrift Supervision, Comptroller of the Currency

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.

https://regulations.justia.com/regulations/fedreg/2007/07/10/07-3316.html