Mortgage Banking / Residential Lending

Mortgage banking generally involves loan originations as well as purchases and sales of loans through the secondary mortgage market. A bank engaged in mortgage banking may retain or sell loans it originates or purchases from affiliates, brokers, or correspondents. The bank may also retain or sell the servicing on the loans. Through mortgage banking, banks can participate in any combination of these activities.

Regulations

Handbooks

Bulletins

Date ID Title
03/16/1995 OCC 1995-16 Appraisals: Affordable Housing Loans and Market Value
10/13/1999 OCC 1999-38 Interagency Guidelines for Real Estate Lending Policies: Treatment of High LTV Residential Real Estate Loans
06/20/2000 OCC 2000-20 Uniform Retail Credit Classification and Account Management Policy: Policy Implementation
02/25/2003 OCC 2003-9 Mortgage Banking, Interagency Advisory on Mortgage Banking
05/03/2005 OCC 2005-18 Interagency Advisory on Accounting and Reporting for Commitments to Originate and Sell Mortgage Loans
05/16/2005 OCC 2005-22 Home Equity Lending: Credit Risk Management Guidance
10/04/2006 OCC 2006-41 Nontraditional Mortgage Products(NTM), Guidance on NTM Product Risks
10/04/2006 OCC 2006-43 Home Equity Lending: Addendum to OCC Bulletin 2005-22
04/18/2007 OCC 2007-14 Working with Mortgage Borrowers
07/25/2007 OCC 2007-26 Subprime Mortgage Lending – Statement on Subprime Lending
08/21/2007 OCC 2007-28 Nontraditional Mortgage Products: Illustrations of Consumer Information
10/11/2007 OCC 2007-38 Working with Borrowers: Statement on Residentail Real Estate Loan Structurings for Serviced Loans
07/06/2010 OCC 2010-25 Property Assessed Clean Energy (PACE) Programs
08/16/2010 OCC 2010-30 Reverse Mortgages: Interagency Guidance
12/10/2010 OCC 2010-42 Interagency Appraisal and Evaluation Guidelines
04/16/2012 OCC 2012-11 SAFE Act: Examination Procedures
10/30/2013 OCC 2013-29 Third-Party Relationships: Risk Management Guidance
12/13/2013 OCC 2013-38 Interagency Statements on Supervisory Principles for Qualified and Non-Qualified Mortgage Loans
07/01/2014 OCC 2014-29 Risk Management of Home Equity Lines of Credit Approaching the End-of-Draw Periods: Interagency Guidance
03/04/2016 OCC 2016-8 Real Estate Lending: Interagency Advisory on the use of Evaluations in Real Esatate-Related Financial Transactions
01/24/2017 OCC 2017-7 Third-Party Relationships: Supplemental Examination Procedures
10/16/2018 OCC 2018-39 Appraisals and Evaluation of Real Estate: Frequently Asked Questions
06/19/2019 OCC 2019-28 Mortgage Lending: Risk Management Guidance for Higher-Loan-to-Value Lending Activities in Communities Targeted for Revitalization
09/16/2019 OCC 2019-43 Appraisal Management Company Registration Requirements
07/23/2019 OCC 2019-36 Mortgage Lending: Lending Standards for Asset Dissipation Underwriting
11/26/2019 OCC 2019-60 Other Real Estate Owned: Final Rule
03/05/2020 OCC 2020-10 Third-Party Relationships: Frequently Asked Questions to Supplement OCC Bulletin 2013-29
04/03/2020 OCC 2020-32 Mortgage Servicing: Joint Statement on Supervisory and Enforcement Practices Related to Provisions of the CARES Act

Consumer Advisories

Date ID Title
09/25/2009 CA 2009-2 Reverse Mortgages: Are They for You?
02/24/2011 CA 2011-1 Avoiding Mortgage Modification Scams and Foreclosure Rescue Scams