In Briefs: Guide Covers Mortgage Prequalification Plans

The Federal Deposit Insurance Corp.'s division of compliance and consumer affairs has published a guide for financial institutions that answers frequently asked questions involving mortgage loan prequalification programs.

The guide, "Mortgage Loan Prequalifications: Applications or Not?" aims to help banks and thrifts comply with the Equal Credit Opportunity Act, the Fair Housing Act, and the Home Mortgage Disclosure Act.

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