Public Comment, Century Housing

1000 CORPORATE POINTE, SUITE 200 CULVER CITY, CALIFORNIA 90230 . . . . PHONE 310 258 0700 FAX 310 258 0701 Board of Directors May 7, 2007 William G. Brennan Earl G. Fields Carrie Hawkins Office of the Comptroller of the Currency Regulation Comments Vice Chairman 250 E Street SW, Mail Stop 1-5 Chief Counsel’s Office Diann H. Kim Chair Washington DC 20219 Office of Thrift Supervision G. Allan Kingston 1700 G Street, NW President & CEO Washington DC 20552 Daniel B. Lopez Stephen McDonald Jennifer J. Johnson, Secretary Mary Rupp, Secretary to the Board Alec G. Nedelman Louise Oliver Board of Governors of the Federal Reserve System National Credit Union Administration th20 Street and Constitution Avenue, NW 1775 Duke Street Washington DC 20051 Alexandria VA 22314-3428 Robert Feldman, Executive Secretary Attention: Comments Federal Deposit Insurance Corporation th550 17 Street, NW Washington DC 20429 RE: Proposed Statement on Subprime Mortgage Lending [72 FR 10533] OCC 2007-0005 Fed Docket No. OP-1278 OTS Docket No. 2007-09 NCUA No. 2007-09 Thank you for the opportunity to comment on the proposed Statement on Subprime Mortgage Lending. While this proposal is an improvement upon the “Interagency Guidance on Subprime Lending” issued by the members of the Federal Financial Institutions Examination Council on March 1, 1999, the “Expanded Guidance for Subprime Lending Programs” issued by the FFIEC members on January 31, ...