by Calculated Risk on 1/03/2007 06:25:00 PM
Wednesday, January 03, 2007
... states ... have moved quickly to warn state-regulated lenders about the hazards to consumers from nontraditional mortgages.The CSBS told me they expect all 50 states to adopt the guidance.
Mike Stevens, senior vice president for regulatory affairs at the Conference of State Bank Supervisors, ... said it was the fastest state-by-state regulatory rollout he had ever seen.
Posted by Calculated Risk on 1/03/2007 06:25:00 PM