Risks associated with nontraditional mortgage products

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The CSBS and AARMR have said that all of these are ways for lenders to mitigate the risks associated with nontraditional mortgage products EXCEPT: Unset starred question Expand underwriting guidelines to be more stringent, and manage loan terms. Implement risk management practices and control systems. Provide consumer communication and education opportunities. Stop offering nontraditional mortgage products and loan features.

Reference no: EM133654787

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