Risk Management Guide For Home Equity Loans Issued By Bank Regulators
the Office of the Comptroller of the Currency, the Federal Reserve, The Federal Deposit Insurance Corporation, the Office of Thrift Supervision, and the National Credit Union Administration have issued a new guide to credit risk management for home equity loans.
The document is said to have been issued because the agencies “have found that, in many cases, institutions’ credit risk management practices for home equity lending have not kept pace with the product’s rapid growth and easing of underwriting standards.”
