AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Banks Facing Loan Scrutiny.(Brief article)
WASHINGTON -- Federal regulators are seeking more information about nontraditional mortgage loans banks are holding in portfolio, including deferred interest they are treating as income.
In early October, federal banking regulators issued tough underwriting standards on interest-only and payment-option ARMs and now they are following up with call report changes.
Starting with the first quarter 2007 call report, all banks will be required to report their holdings of one-to-four family loans with negative-amortization features.
The regulators also are proposing additional reporting requirement ...
- "I've heard the term `negative amortization' used as something to be careful of...
- Newspaper article from: The Washington Times February 27, 1998 700+ words
...PHONE: 202/259-6500 (pager) Negative amortization is a mortgage plan that allows...the entire loan. Specifically, negative amortization is the unpaid interest that is...happening to the balance of a loan. Negative amortization is not necessarily a bad thing...
- Rating agencies take a harsher look at neg am mortgages.(negative amortization...
- Newspaper article from: Asset Securitization Report Sibayan, Karen June 27, 2005 700+ words
...the increase in option ARM, or negative amortization loan, securitizations, rating...COFI, MTA or Libor), and the negative amortization balance cap. "The lower the teaser...higher credit enhancement levels for negative amortization loans for a number of years, analysts...
- Intellidyn Debuts Ability to Target Negative Amortization Loan Holders by...
- Press release article from: Business Wire August 5, 2008 700+ words
...prospective borrowers by their levels of Negative Amortization, credit criteria and lender name...to target borrowers currently in negative amortization loans. This specialized marketing...and market to prospects by their negative amortization levels, and can be selected by...
- Comptroller Dugan Expresses Concern About Negative Amortization.
- Press release article from: PR Newswire December 1, 2005 700+ words
...concern in a speech today about negative amortization in consumer loan products, particularly...America, Mr. Dugan said that negative amortization of consumer loans "raise substantial...on guidance that will deal with negative amortization, among other issues. The guidance...
- Countrywide Faces $1.2B of Negative Amortization.
- Magazine article from: Mortgage Servicing News Muolo, Paul April 1, 2008 700+ words
...four different payment plans each month, including "negative amortization" where the customer can keep payments artificially low...Total POA holdings at 12/31/07 $28,423 Accumulated negative amortization $1,216 POA no-doc or lo-doc loans 81% Borrowers...
- Interest Only, Negative-Amortization Loans Not Seen as a 'Systemic Risk'.
- News wire article from: Mortgage Line August 5, 2005 700+ words
New York -- The payment shock risk posed by interest-only and negative-amortization loans is a concern, but the percentage of these loans in the overall market is too small to consider them a "systemic risk...
- Interest Only, Negative-Amortization Loans Not Seen as a 'Systemic Risk'.(Brief...
- Magazine article from: Mortgage Servicing News August 1, 2005 700+ words
New York -- The payment shock risk posed by interest-only and negative-amortization loans is a concern, but the percentage of these loans in the overall market is too small to consider them a "systemic risk...
- 'Bow-Tie' becomes a way to obtain a luxury home.(negative amortization...
- Magazine article from: Origination News Dymi, Amilda May 1, 2001 700+ words
The "Bow-Tie" loan - an adjustable-rate, jumbo product that is available nationwide wherever negative amortization is permitted - has been introduced by Covino & Co. Inc. Luxury Home Financing here. Applicable for both primary and...
Source: HighBeam Research, Banks Facing Loan Scrutiny.(Brief article)