(Reuters) - The effort, announced by the Federal Reserve Board, the
Office of Thrift Supervision, the Federal Trade Commission and
two associations of state regulators, aims to ensure better
evaluation and more consistent assessment of subprime mortgage
lending practices.
The regulators will evaluate selected companies'
underwriting standards, as well as risk-management practices
used for ensuring compliance with state and federal consumer
protection laws such as the Home Mortgage Disclosuure Act and
the Home Ownership Equity Protection Act.
Read more at Reuters.com Government Filings News
Office of Thrift Supervision, the Federal Trade Commission and
two associations of state regulators, aims to ensure better
evaluation and more consistent assessment of subprime mortgage
lending practices.
The regulators will evaluate selected companies'
underwriting standards, as well as risk-management practices
used for ensuring compliance with state and federal consumer
protection laws such as the Home Mortgage Disclosuure Act and
the Home Ownership Equity Protection Act.
Read more at Reuters.com Government Filings News
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