Topic: Subprime Mortgage Lending
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NCUA: Addendum to Credit Risk Management Guidance for Home Equity Lending (May 2005)
This interagency (Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of Thrift Supervision, and National Credit Union Administration) […]
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NCUA: Letter to Credit Unions No. 07-CU-09 – Statement on Subprime Mortgage Lending (July 2007) (encl) 30 pp.
Federal regulators describe safety and soundness and consumer protection standards that institutions should follow to ensure borrowers obtain loans they can afford to repay. In particular, the regulators are concerned […]
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NCUA: Letter to Credit Unions No. 05-CU-07 – Managing Risks Associated with Home Equity Lending (May 2005) & Enclosure: Interagency Credit Risk Management Guidance for Home Equity Lending
The federal regulators issued this guidance to promote sound risk management of open-end home equity lines of credit (HELOCs) and closed-end home equity loans. To access enclosure, click on blue […]
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B062 Reg. Z: Home Ownership & Equity Protection Act (HOEPA) Rule
This release describes the Federal Reserve’s requirements for credit unions offering “high-cost” or “high-fee” mortgage loans subject to the Home Ownership and Equity Protection Act (HOEPA) rules in Reg. Z. […]