United States Government Publishing Office
publisher
pbl
distributor
dst
United States
Government Accountability Office
author
aut
Government Organization
text
government publication
eng
GAOREPORTS
Legislative Agency Publications
gao
legislative
2010-08-12
U.S. Government Printing Office
2006-09-20
monographic
deposited
born digital
16 p.
GA 1.13:GAO-06-1112T
https://www.govinfo.gov/app/details/GAOREPORTS-GAO-06-1112T
P0b002ee18039342e
f:d061112t
DGPO
2010-08-12
2011-03-24
GAOREPORTS-GAO-06-1112T
machine generated
eng
fdlp
REPORT
GAOREPORTS-GAO-06-1112T
GAO-06-1112T
Consumer protection
Debt
Federal regulations
Homeowners loans
Housing
Information disclosure
Lending institutions
Loan defaults
Loan repayments
Mortgage interest rates
Mortgage loans
Risk assessment
Testimony
A61191
Alternative Mortgage Products: Impact on Defaults Remains Unclear, but Disclosure of Risks to Borrowers Could Be Improved
Alternative mortgage products (AMPs) can make homes more
affordable by allowing borrowers to defer repayment of principal
or part of the interest for the first few years of the mortgage.
Recent growth in AMP lending has heightened the importance of
borrowers' understanding and lenders' management of AMP risks.
GAO's report discusses the (1) recent trends in the AMP market,
(2) potential AMP risks for borrowers and lenders, (3) extent to
which mortgage disclosures discuss AMP risks, and (4) federal and
selected state regulatory response to AMP risks. GAO used
regulatory and industry data to analyze changes in AMP monthly
payments under various scenarios; reviewed available studies; and
interviewed relevant federal and state regulators and mortgage
industry groups, and consumer groups.
https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-06-1112T/html/GAOREPORTS-GAO-06-1112T.htm
https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-06-1112T/pdf/GAOREPORTS-GAO-06-1112T.pdf
GAO-06-1112T
https://www.govinfo.gov/app/details/GAOREPORTS-GAO-06-1112T
Testimony
GAO-06-1112T; Alternative Mortgage Products: Impact on Defaults Remains Unclear, but Disclosure of Risks to Borrowers Could Be Improved;
Consumer protection
Debt
Federal regulations
Homeowners loans
Housing
Information disclosure
Lending institutions
Loan defaults
Loan repayments
Mortgage interest rates
Mortgage loans
Risk assessment