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Supervision and Regulation News

March 12, 2007

Agencies Seek Comment on Subprime Mortgage Lending Statement  
In a joint press release, the federal financial regulatory agencies issued for comment a proposed Statement on Subprime Mortgage Lending to address certain risks and emerging issues relating to subprime mortgage lending practices, specifically, particular adjustable-rate mortgage (ARM) lending products. Comments are due sixty days after publication in the Federal Register, which is expected shortly.