It might be the innocent spark on the child’s face, or that “Aha!” or Eureka moment as the child discovers how to read, how to count, how to learn – whatever it is, it works like magic in bowling over the beholder.
In view of these industry trends, the Federal Reserve and the other banking agencies decided to issue the draft guidance on nontraditional mortgage products. The proposed guidance emphasizes that an institution’s risk-management processes should allow it to adequately identify, measure, monitor, and control the risk associated with these products.