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» Regulators Working on Separate Subprime Hybrid Guidance, Emphasis Likely on Underwriting Based on Fully Indexed Rate
Regulators Working on Separate Subprime Hybrid Guidance, Emphasis Likely on Underwriting Based on Fully Indexed Rate
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Federal thrift and banking agencies are developing guidance apart from the current nontraditional mortgage guidelines to address concerns about the potential harmful effects of subprime hybrid ARMs on consumers, according to a top official of the...