Freddie Mac PMMS: Mortgage rates down for second week running

OTS issues bulletin on the prevention of discriminatory lendingMortgagePress.comOffice of Thrift Supervision, Thrift Bulletin 25a, HMDA The Office of Thrift Supervision has issued Thrift Bulletin (TB) 25a, which addresses the prevention of discriminatory lending practices. TB 25a reminds thrift institutions to assess, at least annually, policies, procedures, lending activity and data (including written underwriting standards and practices implementing them) directed towards preventing discriminatory lending practices. The bulletin further advises that thrift institutions should use "internal analysis" to identify issues that might arise in the analysis of Home Mortgage Disclosure Act (HMDA) data. Institutions should be prepared to provide pricing and decisioning methodologies to address HMDA reporting issues. TB 25a rescinds TB 25. For a copy of TB 25a, click here.