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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.
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