Tag Archives: Office of the Comptroller of the Currency

In his speech at the American Banker Retail Banking Conference in Las Vegas today, Comptroller of the Currency Thomas Curry spoke to the importance of innovation in the financial services industry–especially amidst the constantly changing technological environment.

As overall first-lien mortgage performance improves with more borrowers maintaining their monthly payments, the need for other loss mitigation actions is dissipating.

The Office of the Comptroller of the Currency on Monday announced proposed changes in order to remove outdated or unnecessary provisions and rules, therefore reducing the regulatory burden on banks and federal savings associations.

The issue that has been at the center of debate among banks for some time is whether or not property evaluations are sufficient substitutions for appraisals when determining the value of a home for real-estate-related financial transactions.

The Office of the Comptroller of the Currency removed restrictions from two more banks, but the banks will also be paying a hefty penalty.

The housing market is six years into the current recovery, and while banks are generally in good health, worrisome signs of credit risk are still prevalent among these institutions.

Careless underwriting standards is causing an influx of credit risk in bank lending portfolios, which could be a huge mistake for these lenders over the long-term.

Homeowners appear to be keeping up with their mortgage payment at the largest banks, improving overall performance of first-lien mortgages and cutting the need for loss-mitigation.

A survey of 95 national banks and federal savings associations revealed overall on average, those institutions have eased their underwriting standards for the third consecutive year, according to a report from the Office of the Comptroller of the Currency.

The Consumer Financial Protection Bureau will no longer be the only entity monitoring TILA-RESPA Integrated Disclosure rule compliance among lenders. The Office of the Comptroller of the Currency announced Friday that TRID compliance exams are coming.