The OCC will issue guidance in the coming months on managing risk for higher loan-to-value lending in communities targeted for revitalization, Comptroller of the Currency Thomas Curry announced in his remarks at the 2016 National Interagency Reinvestment Conference in Los Angeles. The guidance will provide a framework for institutions wishing to set up mortgage programs allowing potential homeowners to secure purchase or purchase/rehabilitation loans in excess of supervisory LTV limits, he said.
FDIC Chairman Martin Gruenberg also gave remarks at the conference yesterday, focusing on the agency’s efforts to promote economic inclusion.
Read Curry’s remarks.
Read Gruenberg's remarks.