The Mortgage Bankers Association, in a letter to the Federal Reserve, offered recommendations on how the Fed could improve the Community Reinvestment Act to improve credit access and more effectively meet the needs of low- and moderate-income communities.
Tag: OCC
Federal Agencies Allow Member Banks to Postpone Appraisals for 120 Days
Three federal agencies this week announced a rule change allowing its member banks to postpone an appraisal on a residential or commercial property for 120 days after the loan is closed.
CREF Highlights
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
CREF Highlights
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
Federal Agencies Issue Final Rule to Mitigate CECL Effects
Three federal agencies on Friday announced actions to allow banking organizations to continue lending to households and businesses: providing an optional extension of the regulatory capital transition for the new credit loss accounting standard; and allowing early adoption of a new methodology on how certain banking organizations are required to measure counterparty credit risk derivatives contracts.