OCC: Mortgage Performance Declines in Third Quarter
The share of current and performing first-lien mortgages in the third quarter of 2020 was 92.5%, down from 96.4% a year ago, according to the Mortgage Metrics Report released by the OCC today.
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OCC: Mortgage Performance Declines in Third Quarter
The share of current and performing first-lien mortgages in the third quarter of 2020 was 92.5%, down from 96.4% a year ago, according to the Mortgage Metrics Report released by the OCC today.
ABA, Trade Groups Urge Postponement of Figure Bank Charter Application
ABA and six other industry trade groups today urged the OCC today to postpone its consideration of a charter application submitted by Reno, Nevada-based Figure Bank.
OCC Reduces Fee Schedule Rates by 3%
The OCC today announced that it will reduce the rates in all fee schedules by 3% as a result of operational efficiencies gained over the past several years.
ABA, Trade Groups Urge OCC to Extend Comment Period on Fair, Responsible Banking Proposal
After the OCC earlier this month issued a proposal stating that banks should provide access to services, capital and credit based on their risk assessment of individual customers and not make broad-based decisions that affect whole categories or classes of customers, ABA joined three other trade groups last week in urging the agency to extend the comment deadline.
OCC Issues Proposal on CRA Performance Standards
The OCC today proposed its approach to determining Community Reinvestment Act evaluation measure benchmarks, retail lending distribution test thresholds and community development minimums under the new general performance standards outlined in the CRA final rule issued earlier this year.
OCC Finalizes Changes to Rules on Bank Activities, Operations
The OCC today finalized changes to its rules for national bank and federal savings association activities, operations and corporate governance to ensure that they can continue to meet the shifting needs of consumers, businesses and communities.
OCC Proposes Rule to Ensure Fair Access to Banking Services
The OCC Friday afternoon proposed a rule stating that banks should provide access to services, capital and credit based on their risk assessment of individual customers and not make broad-based decisions that affect whole categories or classes of customers.
Joint Agency Paper Offers ‘Sound Practices’ for Operational Resilience
The Federal Reserve, the OCC and the FDIC late Friday released an interagency paper outlining sound practices for strengthening operational resilience.
OCC Finalizes ‘True Lender’ Rule
The OCC today issued a long-awaited final rule establishing a “clear test” to determine when a bank making a loan is considered the “true lender” in the context of a partnership between a bank and a third party.