The Office of the Comptroller of the Currency and other federal agencies issued a final rule and interpretations on threshold exemptions from special appraisal requirements for higher-priced mortgage loan transactions.
News & Insights
The OCC, the Federal Reserve Board and the FDIC approved a revised definition of the "high volatility commercial real estate loan" under their respective regulatory capital rules.
The FRB, FDIC and OCC issued final revisions to "Interagency Questions and Answers Regarding Community Reinvestment."
The Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency issued a final rule and interpretation increasing the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans from $25,500 to $26,000.
The FRB, the FDIC and the OCC extended previously issued no-action relief to asset managers and other institutions from certain regulations that limit extensions of credit to "insiders."