Wyoming Division of Banking · WY
Nontraditional Mortgage Product Guidance Press Release - Commissioner Jeff Vogel Press Release
November 15, 2006
Summary
The Wyoming Division of Banking issued guidance adopting the federal interagency standards for the risks associated with nontraditional mortgage products. This guidance mandates that institutions implement robust risk management, underwriting, and consumer disclosure practices for products like interest-only and payment-option ARMs.
Common questions
- What does "Nontraditional Mortgage Product Guidance Press Release - Commissioner Jeff Vogel Press Release" cover?
- The Wyoming Division of Banking issued guidance adopting the federal interagency standards for the risks associated with nontraditional mortgage products.…
- Which agency issued this update?
- This update was issued by Wyoming Division of Banking.
- When was it published?
- It was published on November 15, 2006.
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