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Home » Store » Taxable » OCC Allays Lenders’ Fear of a Crackdown on IOs, Option ARMs

OCC Allays Lenders’ Fear of a Crackdown on IOs, Option ARMs

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Federal regulators assured nonprime lenders that pending final guidance for nontraditional mortgages will not result in a wholesale clampdown on the popular loan products. In remarks to the National Housing Advisory Council early this month, John Walsh, chief of staff at the Office of the Comptroller of the Currency, said negative amortization is also not the issue. …
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