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Monday, February 10, 2014

OCC Updates Handbook on Mortgage Banking

The OCC on Friday updated the Comptroller’s Handbook, replacing 1996, 1998 and 2008 guidance for banks and thrifts on mortgage banking. The handbook provides guidance for examiners and bankers on assessing mortgage banking risk management and updates content on production, secondary marketing, servicing and mortgage servicing rights. The updates include several changes required under the Dodd-Frank Act to Regulation X and Z.

Download the handbook.