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 - 12:00am

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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