In yesterday’s newsletter, Part I of this two-part series, I outlined the role of the bank as owner and servicer of foreclosed property, as described in the recent guidance issued by the Office of the Comptroller of the Currency (OCC) with respect to a bank’s obligations and risks related to foreclosed property. (See OCC 2011-49) [...]

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The Office of the Comptroller of the Currency (OCC) is providing guidance to banks on obligations and risks related to foreclosed property. Issued on December 14, 2011, this guidance highlights legal, safety and soundness, and community impact considerations. It primarily focuses on residential foreclosed properties. (See OCC 2011-49) A bank’s obligations with respect to [...]

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———— Here is a good post to dust off and look at periodically: Spring 2011 Guide of 30 Key Charts to See Before You Buy or Sell Your Home – by Michael David White – Housing Story.net Even though it was first posted in April, it [...]

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email signup             Receive MNC in RSS news reader ———— (has several reasons good to be big) Secondary market still favors large mortgage servicers – by JON PRIOR – Housingwire ———— (incredible story look at charts) Bill Gross Has Record $60 Billion Short Cash Bet Fed To Proceed With [...]

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