On August 21, 2017, the Office of the Comptroller of the Currency (OCC) published Bulletin 2017-28 regarding higher-loan-to-value (LTV) lending programs (the “Bulletin”).  Recognizing the need for further revitalization efforts in distressed communities, the Bulletin addresses how banks may establish mortgage lending programs for loans to finance the purchase, or the purchase and rehabilitation, of one-to four-unit residential properties located in certain communities when the LTV ratio at origination exceeds 100 percent.… Continue Reading