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Nebraska Department of Banking and Finance Adopts Regulatory Guidance on Nontraditional Mortgage Products

Nebraska Department of Banking and Finance Adopts Regulatory Guidance on Nontraditional Mortgage Products

Tuesday, January 30, 2007

John Munn, Director of the Nebraska Department of Banking and Finance (NDBF) recently announced the adoption of a set of regulatory guidelines covering the marketing of nontraditional mortgages by state-licensed entities. These guidelines promote consistent regulation in the mortgage market and clarify how residential mortgage providers can offer nontraditional mortgage products in a way that clearly discloses the risks borrowers may assume.

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