OCC Issues Guidance on FEMA/Flood Insurance Force-Place Requirements

The Office of the Comptroller of the Currency on Wednesday provided guidance to the Mortgage Bankers Association, addressing conflicts between a recent Federal Emergency Management Agency memo and banking agency flood insurance rules.

OCC Issues Guidance on FEMA/Flood Insurance Force-Place Requirements

The Office of the Comptroller of the Currency on Wednesday provided guidance to the Mortgage Bankers Association, addressing conflicts between a recent Federal Emergency Management Agency memo and banking agency flood insurance rules.

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.

Federal Agencies ‘Will not Criticize’ Coronavirus Loan Mods

Six federal agencies on Sunday issued a joint statement encouraging financial institutions to “work constructively” with borrowers affected by the coronavirus pandemic and said they “will not criticize” loan modifications made in a “safe and sound” manner.

Federal Agencies ‘Will not Criticize’ Coronavirus Loan Mods

Six federal agencies on Sunday issued a joint statement encouraging financial institutions to “work constructively” with borrowers affected by the coronavirus pandemic and said they “will not criticize” loan modifications made in a “safe and sound” manner.

The Week Ahead

The impeachment trial of President Trump continues in the Senate for a second week, a spectacle that has captured the attention of Washington, as well as people across the country and around the world.

Federal Banking Regulatory Agencies Issue Final HVCRE Rule

Three federal bank regulatory agencies last week finalized a rule to modify the treatment of high volatility commercial real estate, a move long advocated by the Mortgage Bankers Association.