The Securities Industry and Financial Markets Association (SIFMA) and the American Securitization Forum (ASF) offered comments today on the Federal Reserve Board of Governors’ Proposed Rule to Amend the Home Mortgage Provisions of Regulation Z.

Both SIFMA and the ASF said that while they support the proposal’s focus on enhanced disclosure to borrowers, the groups suggested several revisions. These include defining both the thresholds used to determine which loans are considered higher-priced mortgage loans and the new standard for the borrower's ability to repay these loans.

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