Last year, together with other federal banking regulators, we issued guidance concerning socalled nontraditional mortgages. We have also issued proposed supervisory guidance concerning underwriting standards and disclosures for subprime mortgages. The agencies are finishing their review of the comments received and expect to issue the final version soon.
And the Federal Reserve  BIS Review 66/2007  1  produces a range of consumer education materials, including information to help potential borrowers understand adjustable-rate and other alternative mortgages, and we actively promote financial education by partnering with outside organizations. The two tools that we will focus on today, however, are lender disclosures to consumers and rules that prohibit or restrict lending practices.