February 17, 2006

Federal Financial Regulatory Agencies Extend Comment Period on Nontraditional Mortgage Products

  • Office of the Comptroller of the Currency
  • Board of Governors of the Federal Reserve System
  • Federal Deposit Insurance Corporation
  • Office of Thrift Supervision
  • National Credit Union Administration

For immediate release

The federal financial regulatory agencies today extended the comment period on the proposed guidance on nontraditional residential mortgage products. Today's action was prompted by requests from several financial institutions and trade associations for financial institutions to extend the comment period. The comment period will be extended for 30 days to March 29 from the previous date of February 27.

The original Federal Register notice, which was published on December 29, 2005, is attached.

Attachment (148 KB PDF)

Media Contacts:
Federal Reserve Susan Stawick (202) 452-2955
FDIC David Barr (202) 898-6992
NCUA Cherie Umbel (703) 518-6337
OCC Dean DeBuck (202) 874-5770
OTS Chris Smith (202) 906-6677

Last Update: February 17, 2006