According to the Guidance on Nontraditional Mortgage Product Risks
which of the following risks would be important to communicate to loan applicants with regard to nontraditional ARMs?
a. the possibility of payment shock when amortizing payments begin
b. the high probability of default on these types of loans
c. the fact that nontraditional ARMs are often linked to predatory lending
d. the inability of the borrower to refinance the loan due to HOEPA restrictions