The comment period for this interagency proposal closed on March 29, so we are now in the process of reviewing comments and determining how to proceed. Nontraditional mortgages allow borrowers to defer payment of principal and, sometimes, interest.
In fact, in a world where more conventional monetary policies are in place, financial risk may be priced more accurately, resulting in proper market rewards for good policies 4  See ‘Are countries losing control of domestic financial conditions?’ in the Global Financial Stability Report, published by the International Monetary Fund in April 2017.