New Document: Notice Concerning Market Value and High LTV (Cx21638)
As previously announced, the Office of the Comptroller of the Currency (OCC) is providing support for super-high LTV loans to help revitalize distressed communities (see http://blog.docutechcorp.com/compliance-news-occ-high-ltv-loan-program). Part of the criterion for a national banks’ or federal savings associations’ program to be accepted by the OCC is the following criteria:
“[Acceptable] policies and procedures should include provisions that address the ….