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FRB Sends Press Release Outlining "Reg C" Changes

January 23, 2002

The Federal Reserve Board released a memo oulining the proposed changes to the Home Mortgage Disclosure Act this coming April.

FRB Zeroes in on Sub-prime Lending Activity
January 23, 2002

The Board estimates that the 3% spread being advanced for approval on next year's HMDA and CRA, will exempt 98% of prime loans. At the same time, it should require the reporting of pricing information on 98% of subprime loans.