Letters

TBMA Submits Comments to the Federal Reserve on Interagency Guidance Relating to Nontraditional Mortgage Products

Summary

The TBMA provides to the Board of Governors of the Federal Reserve System on proposed interagency guidance relating to nontraditional mortgage products, 70 Fed. Reg. 77249 (December 29, 2005).  The proposed guidance was issued by the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Fed), Federal Deposit Insurance Corporation (FDIC), and the Office of Thirft Supervision (OTS).  TBMA offers its experience and expertise to address the issues relating to the safety and soundness issue that the agencies raised in the guidance.

*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.

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