FDIC Reportedly Developing Separate Guidelines for Hybrids
February 5, 2007
Mortgage lenders supervised by the Federal Deposit Insurance Corp. may be the first ones to adjust their lending policies and procedures on hybrid ARMs if the agency decides to act independently on developing rules for hybrid mortgage loan products. The FDIC appears...
At yearend, the West Palm Beach-based Onity owned $130.6 billion of MSRs.
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