By Inman News, Friday, February 4, 2005. The Office of the Comptroller of the Currency, which oversees national banks, has issued residential real estate lending standards as an additional step to protect against national banks becoming involved in predatory, abusive, unfair or deceptive residential mortgage lending practices.
"The OCC is committed to ensuring that abusive lending practices do not gain a foothold in the national banking system," said Julie L. Williams, acting Comptroller of the Currency. more...