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Information on Nontraditional Loans

The Department of Corporations' Outreach and Education provides useful information on Nontraditional loans.

Commissioner's Releases

62-FS: Implementation of Guidance Including "Best Practices" for Certain Nontraditional and Adjustable Rate Mortgage Loan Products

• Comparison Chart
• Comparison Chart Information
• Interagency Guidance on Nontraiditional Mortgage Products Risks ("the Guidance")

61-FS: Arranging Workouts for Borrowers, Preparing for Special Servicing Reports to the Commissioner, and Establishing a Working Group in Connection with Nontraditional and other Mortgage Loan Products.

• Statement on Loss Strategies for Servicers of Residential Mortgages
• FDIC, CSBS and AARMR Suggest Servicers Avoid Debt-to-Income (DTI) Ratios Above 50 Percent for Modified Obligations
• Homeownership Preservation Statement of Principles

Rulemaking:

OP 01/07 - California Finance Lenders Law and the California Residential Mortgage Lending Act: Nontraditional Mortgage Products

• Order
• Final Statement of Reasons
• Supplement to Final Statement of Reasons
• Instructional Guide for Comparison Chart
• Nontraditional Mortgage Products Comparison Chart