This thematic review assesses implementation of these recommendations by the 24 FSB member jurisdictions and by the major financial institutions located in those jurisdictions.
Press
18 March 2011
The report takes stock of existing mortgage underwriting practices and provides a framework for jurisdictions to set minimum acceptable underwriting standards.
The review finds that FSB member jurisdictions have successfully prompted financial institutions to improve their disclosure of exposures to structured credit products.
18 March 2011
The peer review report provides a comprehensive picture of existing mortgage underwriting practices and regulatory oversight and enforcement to implement such practices.