Tag Archives: Office of the Comptroller of the Currency (OCC)

Mortgage loan subservicer promotes six from within, including Rene Gonzales to Chief Technology Officer.

The transaction includes the purchase of certain loan portfolios from Signature Bridge Bank totaling $12.9 billion, and the assumption of $34 billion in deposits by Flagstar.

Among the OCC’s highlights from the past year was its work with the Property Appraisal and Valuation Equity (PAVE) Task Force in advancing property appraisal and valuation equity to help close the racial wealth gap and address mis-valuations for families and communities of color nationwide.

The latest OCC Mortgage Metrics Report found that 97.2% of mortgages included in the report were current and performing at the end of Q3 2022. Click through to learn how this compares to last year’s metrics.

The Office of the Comptroller of the Currency is opening a new Financial Technology office to add expertise to the department, allowing them to better adapt to modern markets.

An upcoming Senate Banking Committee hearing will examine the state of Main Street, featuring testimony from top-ranking members of the FDIC, OCC, NCUA, and Federal Reserve.

Once finalized, the combined entity will operate nearly 400 branches across nine states, and its mortgage division will operate nationally through 81 retail lending offices in 26 states, with a wholesale network of approximately 3,000 third-party originators.

Joint actions were taken today by the OCC and FinCEN against USAA, citing violations of the Bank Secrecy Act and failure to establish an effective Anti Money Laundering program.

A new announcement from the CFPB and others stresses closer examination of mortgage servicer practices for compliance with pandemic-related homeowner mandates.

Mortgage servicer to take comprehensive corrective actions to address identified deficiencies, and implement internal controls and risk management practices.