Addresses reconsiderations of value (ROV) for residential real estate transactions.
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Tagged: Office of the Comptroller of the Currency (OCC)
5 Federal Agencies Propose Guidance For ROVs
6 Federal Agencies Seek Comment On Proposed Rule For AVMs
The rule is intended to ensure the credibility and integrity of Automated Valuation Models.
Jun 01, 2023
OCC: 97% Of First-Lien Mortgages Were Current In 3Q
The percentage of seriously delinquent mortgages continued to drop.
Dec 16, 2022
Office of the Comptroller of the Currency (OCC)
The OCC charters, regulates, and supervises all national banks and federal savings associations as well as federal branches and agencies of foreign banks. The OCC is an independent bureau of the U.S. Department of the Treasury.
Federal Agencies Announce Threshold for Smaller Loan Exemption
The 2023 threshold will involve exempting loans from special appraisal requirements for higher-priced mortgage loans.
Oct 14, 2022
OCC Fines Sterling Bank & Trust $6M Over Mortgage Fraud
Bank, parent company remain under criminal investigation by Justice Department and SEC.
Sep 27, 2022
OCC Fines Former Banker $150,000
Financial penalty part of a consent order related to alleged kickbacks.
Aug 23, 2022