Proposed Guidance on Nontraditional Loans Many Be Tougher than it Looks, Experts Say
January 5, 2006
The mortgage industry is apprehensive about guidance proposed by federal thrift and banking regulators in the waning days of 2005 in an attempt to inject sobriety into a mortgage market that went gaga over nontraditional lending last year. In fact, some experts suggest it could be the start of a regulatory crackdown on such loans. …