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Home » IO, Option ARM Borrowers Get Enough Info
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IO, Option ARM Borrowers Get Enough Info

September 11, 2006
Two of the nation’s top originators of nonprime and nontraditional mortgage products said their current consumer disclosure strategies are working, although one of the companies said it would support additional disclosures in Regulation Z if regulators decide that additional disclosures are warranted for such products. Countrywide Financial Corp. and Wells Fargo & Co. said they are already providing sufficient information to interest-only and option ARM borrowers and see no need to make more disclosures. However...
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