Tag Archives: Office of the Comptroller of the Currency (OCC)

The CFPB, Federal Reserve Board, and OCC have jointly launched new thresholds for smaller loan exemption from appraisal requirements for higher-priced mortgage loans for 2024.

Former EVP and COO of the consumer bank at Citizens Financial Group brings 30-plus years of experience to her new role overseeing the conversions of both Flagstar and Signature Bank under the NYCB umbrella.

An upcoming Senate Banking Committee hearing will discuss the state of the nation’s banking system, and how the nation’s bank regulators have resolved these institutional failures.

Wells Fargo’s current Head of Home Lending will transition to role of integrating diversity, equity, and inclusion into every aspect of the company’s business.

The Office of the Comptroller of the Currency (OCC) has approved the merger deal between NYCB and Flagstar Bancorp, however NYCB's acquisition of Flagstar remains subject to the approval of the Federal Reserve Board.

A new report required by law under the Helping Families Save Their Homes Act of 2009, a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act, showed that the majority of loans are current, and foreclosures remain below levels recorded before the pandemic.

The CFPB, along with other federal regulators, calls on mortgage servicers to safeguard at-risk homeowners in the wake of pandemic protections.

Two letters written by the Chair of the House Financial Services Committee Maxine Waters request additional oversight to avoid pandemic-related foreclosures.