|
|
|
Home >> News >> News Details
|
|
|
|
|
 Feds Not Out To End 'Nontraditional' Mortgages
25-5-2006
Federal monetary and finance regulators aren't out to end so-called "nontraditional' mortgages, but they do want to make sure the loans are sound and come with terms that are fully disclosed to borrowers.
Since the end of March, federal agencies have been sorting through comments on proposed guidelines to reduce risk levels associated with some markets' preponderance of popular interest-only, payment-option, piggy-back, no-, low-down payment and certain adjustable rate mortgages (ARMs) known as "nontraditional" loans.
|
|
|
|
|
Top Articles |
|
|
Article Archive |
|
|
Article Of The Day |
|
|
|
|
|
|
|
|
