Two of the alternative mortgage sector’s largest players, Wells Fargo and Countrywide, are urging the Federal Reserve Board to avoid hasty changes to loan disclosure requirements. The warnings came in comment letters filed by Wells and Countrywide in response to discussion at a series of recently concluded Fed hearings on the home-equity mortgage market. Whether borrowers understand the risks associated with those products was a major topic of debate at the Fed hearings, with several consumer groups arguing that borrowers...