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OCC issues higher-loan-to-value lending guidance

Joe Mont | August 22, 2017

The Office of the Comptroller of the Currency has issued guidance intended “to spur community revitalization through prudent higher-loan-to-value mortgage lending in targeted areas.”

The bulletin interprets existing regulations and sets out principles for managing risks associated with the origination of certain residential mortgage loans where the loan-to-value ratio at origination exceeds 100 percent.

“The OCC recognizes the concern that depressed housing values in certain distressed communities in the U.S. may inhibit mortgage lending and slow recovery in these communities,” the bulletin says. “Banks can support revitalization efforts by offering mortgage products for owner-occupied residential properties in communities targeted by governmental entities for revitalization.”


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