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Tag Archives: Office of the Comptroller of the Currency

How Are Mortgages Performing in 2018?

mortgage loans performance

A new report from the Office of the Comptroller of the Currency examines mortgage performance as of Q1 2018. Click through to learn more about current foreclosure rates, prevention actions, and other data crucial to the servicing landscape.

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Loan Processing Could Slow Due to Appraiser Shortage

Due to a shortage of licensed and certified appraisers, major national financial regulatory agencies have issued an advisory to help reduce delays in the consideration of loan applications in rural communities. Since loans cannot be executed without appraisals, the advisory outlines two options to remedy the problem. The FDIC has suggested that states issue temporary practice permits and engage in reciprocity, or that effected institutions submit a request temporary waivers to set aside licensing requirements.

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OCC Chief Emphasizes Innovation in Finance

In his speech at the American Banker Retail Banking Conference in Las Vegas on Thursday, Comptroller of the Currency Thomas Curry spoke to the importance of innovation in the financial services industry—especially amidst the constantly changing technological environment.

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