With housing markets still roiling, Federal Reserve Governor Randall S. Kroszner recently testified before lawmakers about ways to improve how subprime mortgages are made.

Making the right mortgage decision is important. For consumers looking for the mortgage that best suits their needs and budget, this recently introduced calculator will simplify comparison shopping.

A new program will evaluate and assess the lending practices of some nondepository lenders with large subprime mortgage operations to ensure their compliance with consumer protection regulations.

Given the proliferation of mortgage options, federal financial regulatory agencies are concerned about both lender and borrower risk and have proposed guidance for lenders.

The Atlanta Fed was one of four Reserve Banks that recently held hearings to gather feedback on home equity lending practices. Fed officials, consumers, consumer advocacy organizations, and lenders weighed in.

The Federal Reserve Board and other federal financial regulatory agencies have put forth new information that would help consumers better understand the potential financial risks posed by subprime home loans.