(Reuters) - Regulators are working to put the final touches on industry guidance involving lending standards for borrowers with weak credit who took out certain mortgages, including so-called "2-28" adjustable rate mortgages. With this type of loan, the monthly interest rate payment resets after the first two years.
They have said they are pushing to issue a final directive by the end of June.
Read more at Reuters.com Government Filings News
They have said they are pushing to issue a final directive by the end of June.
Read more at Reuters.com Government Filings News
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