On December 8, 2011, the Office of the Comptroller of the Currency (OCC) issued a bulletin that outlines the process which the OCC intends to follow to fully integrate the Office of Thrift Supervision (OTS) policy guidance documents into a common set of supervisory policies that applies to both national banks and federal savings associations. [...]
Entries from December 2011
OCC and OTS: Policy Integration
December 9th, 2011 · No Comments
Tags: Mortgage Market
Mortgages and Housing: Halfway There, 2mm Prevention 1mm Mods, House Price Chart, Existing Inventory Declines, U.S. Bank NA v. Guillaume, Jurow on Goldman, Corker Slams Treasury, BofA Lag, Mondavi Estate Sold, Occupy Squatters, Risk Retention Slow Progress, Mortgage Settlement Cost
December 8th, 2011 · No Comments
email signup Receive MNC in RSS news reader ———— Foreclosure Crisis Isn’t Even Halfway Over: Study – BY: CARRIE BAY – The foreclosure crisis has had a long and destructive run – five years and counting, with millions put out of their homes. According to the Center for Responsible [...]
Tags: Mortgage Market
Defining “Homeless”
December 7th, 2011 · No Comments
On Monday, HUD reasserted its definition of the term "homeless." It also established the regulatory final rule for the definition "developmental disability” and the definition and record keeping requirements for a "homeless individual with a disability.” Many people do not come into face-to-face contact with this population on a regular basis. [...]
Tags: Mortgage Market
The Veterans Opportunity to Work Act – A Potential Benefit to the Mortgage Industry – by Kevin Peria
December 7th, 2011 · No Comments
———— In November, President Obama signed into law the Veterans Opportunity to Work Act, doling out major tax credits to businesses that hire unemployed and disabled veterans and putting in plenty of much-needed funding into education and jobs training for vets. This legislation offers opportunities for companies and people [...]
Tags: Mortgage Market
