Real Estate Lending

Summary

Items of current interest

OCC Comptroller Dugan expresses "Concern" about new types of mortgages that offer low initial monthly payments but higher payments later 4.20.06

Interagency guidance on non-traditional mortgage products extension of comment period

Interagency guidance on non-traditional mortgage products original proposal

Interagency guidance on non-traditional mortgage product risks - final guidance

Press release 9.29.06
Guidance
Proposed illustrations of consumer information for nontraditional mortgage products request for comments

Interagency guidance on credit risk management for home equity lending

Mortgage Loan Prequalifications: Applications or Not? (FDIC)

Regulations regarding loans in flood hazard areas

12 CFR	OCC	FRB	FDIC	OTS	NCUA
Authority, purpose, and scope	22.1	208.25(a)	339.1	572.1	760.1
Definitions	22.2	208.25(b)	339.2	572.2	760.2
Requirement to purchase flood insurance	22.3	208.25(c)	339.3	572.3	760.3
Exemptions	22.4	208.25(d)	339.4	572.4	760.4
Escrow requirement	22.5	208.25(e)	339.5	572.5	760.5
Required use of standard flood hazard	22.6	208.25(f)	339.6	572.6	760.6
Forced placement of flood insurance	22.7	208.25(g)	339.7	572.7	760.7
Determination fees	22.8	208.25(h)	339.8	572.8	760.8
Notice of special flood hazards and	22.9	208.25(i)	339.9	572.9	760.9
Notice of servicer's identity	22.10	208.25(j)	339.10	572.10	760.10
Sample Form of Notice of Special Flood Hazards and Availability of Federal Disaster Relief Assistance	Appx A	AppxA	Appx A	Appx A	Appx A

Regulations regarding real estate appraisals

12 CFR	OCC	FRB	FDIC	OTS	NCUA
Authority, purpose, and scope	34.41	225.61	323.1	564.1	722.1
Definitions	34.42	225.62	323.2	564.2	722.2
Appraisals required; transactions requiring	34.43	225.63	323.3	564.3	722.3
Minimum appraisal standards	34.44	225.64	323.4	564.4	722.4
Appraiser independence	34.45	225.65	323.5	564.5	722.5
Professional association membership;	34.46	225.66	323.6	564.6	722.6
Enforcement	34.47	225.67	323.7	564.7	722.7

General real estate lending regulations by agency

OCC

12 CFR Part 27 - Fair Housing Home Loan Data System

27.1 Scope and OMB control number
27.2 Definitions
27.3 Recordkeeping requirements
27.4 Inquiry/Application Log
27.5 Record retention period
27.6 Substitute monitoring program
27.7 Availability, submission and use of data
Appendix I to Part 27 Monthly home loan activity format
Appendix II to Part 27 Information for government
monitoring purposes
Appendix III to Part 27 Fair housing lending
inquiry/application log sheet
Appendix IV to Part 27 Home loan data submission

12 CFR Part 34 Real estate lending and appraisals

Subpart A - General

34.1 Purpose and scope
34.2 Definitions
34.3 General rule
34.4 Applicability of state law
34.5 Due-on-sale clauses

Subpart B Adjustable-rate mortgages

34.20 Definitions
34.21 General rule
34.22 Index
34.23 Prepayment fees
34.24 Non-federally chartered commercial banks
34.25 Transition rule

Subpart C Appraisals

Subpart D Real estate lending standards

34.61 Purpose and scope
34.62 Real estate lending standards
Appendix A to Subpart D - Interagency guidelines for real
estate lending

Subpart E Other real estate owned

34.81 Definitions
34.82 Holding period
34.83 Disposition of real estate
34.84 Future bank expansion
34.85 Appraisal requirements
34.86 Additional expenditures and notification
34.87 Accounting treatment

FRB

12 CFR Part 203 Home mortgage disclosure Reg C

12 CFR Part 208 Membership of state banking
institutions in the Federal Reserve
System Reg H

208.51 Real estate lending standards part of Reg H
Appendix C Interagency guidelines for real estate lending
policies part of Reg H

FDIC

See also regulations dealing with appraisals and flood hazard area lending below

12 CFR Part 338 Fair Housing

Subpart A Advertising

338.1 Purpose
338.2 Definitions applicable to subpart A of this part
338.3 Nondiscriminatory advertising
338.4 Fair housing poster

Subpart B Recordkeeping

338.5 Purpose
338.6 Definitions applicable to this subpart B
338.7 Recordkeeping requirements
338.8 Compilation of loan data in register format
338.9 Mortgage lending of a controlled entity

12 CFR Part 365 Real estate lending standards

365.1 Purpose and scope
365.21 Real estate lending standards
Appendix A Interagency guidelines for real estate lending
policies

OTS

12 CFR Part 560 Lending and investment

Subpart C Alternative mortgage transactions

560.210 Disclosures for variable rate transactions
560.220 Alternative Mortgage Transaction Parity Act

See also regulations dealing with appraisals and flood hazard area lending below

NCUA

The only NCUA real estate lending regulations are those dealing with appraisals and flood hazard area lending, both of which are indexed in tabular form above

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