WASHINGTON - Falling into step with bank regulators who want to add questions about subprime lending to quarterly call reports, the Office of Thrift Supervision proposed similar changes Friday to its counterpart, the thrift financial report.
The OTS in March had proposed expanding the report to collect information on high loan-to-value loans, trust assets, residual interests in financial assets sold, and structured borrowings.
After bank regulators proposed adding questions about subprime lending to call reports, the OTS followed suit and updated its proposal.
Thrifts involved in subprime lending would have to report on eight categories of loans, including revolving, open-end loans secured by a home; credit cards issued to subprime borrowers for household, family, and other personal spending; and consumer loans secured by automobiles.
The effective date would be the first quarter of next year. Comments are due Oct. 3.