Borrowers are going for the ARMs because they can qualify for a slightly bigger mortgage. There are a lot of issues to be addressed there. |
There's a consensus among regulators that we need to be working on this. |
We have seen the mass marketing of these loans and the growth of these loans and determined it was appropriate for us to take a closer look. |
We tend not to mandate things. |
We try to target our examinations to the specific activities of an institution and those that represent heightened risk for the institution. |