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Home » Store » Taxable » Subprime Mortgage Guideline Only Intended for Banks with Dedicated Programs, Agencies Say

Subprime Mortgage Guideline Only Intended for Banks with Dedicated Programs, Agencies Say

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A controversial federal policy statement on subprime lending is intended only to apply to banking institutions that have specific marketing and production programs in this niche, according to new guidance from regulators. But industry officials remain wary of its impact. In January, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, the Federal Reserve Board and the Federal Deposit Insurance Corp. jointly recommended higher capital reserves for banks and thrifts active
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