On July 13, 2026, the Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), and National Credit Union Administration (NCUA) issued interagency guidance reminding the financial institutions they supervise of their existing safety and soundness obligations when extending credit to individuals who are not legally authorized to work in the United States.… Continue Reading
lending
Guidance from the OCC to banks regarding higher loan-to-value loan programs
By Ballard CFS Group on
Posted in OCC, Regulatory and Enforcement
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