In Guidance on Nontraditional Mortgage Product Risks, if the institution has a concentration in a nontraditional mortgage portfolio, the institution should:
A) Have well-developed monitoring systems and risk management practices
B) Monitor by originator and key borrower and portfolio characteristics
C) Not understand the risk of payment shock and negative amortization
D) A and B
Correct Answer:
Verified
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A) A
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Q33: Underwriting standards in Subprime Mortgage Lending include:
A)
Q34: Supervisory review should also be the part
Q35: Below mentioned list shows the significant risks
Q36: Examples of unfair practices mentioned in guidelines
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