Costs up, profits down: Closing a mortgage gets more expensive

Costs up, profits down: Closing a mortgage gets more expensive

In just one quarter the profit dropped $153 per loan

Blogatative Easing: Ben Bernanke, Brookings blogger

Return to the scene of the crime?

Mortgage brokers: Update your stump speech on mortgage lending, Mr. President

NAMB says mortgage brokers have been at forefront of reform
W S
Lending / The Ticker

OCC reveals Community Reinvestment Act performance ratings

Six banks received outstanding ratings

neighborhood houses1
/ Print / Reprints /
| Share More
/ Text Size+

The Office of the Comptroller of the Currency released a list of Community Reinvestment Act performance evaluations. The list contains only national banks, federal savings associations and insured federal branches of foreign banks. Under the CRA guidelines, banks are legally required to meet the credit needs of low- and moderate-income communities.

Of the 32 firms evaluated, six received outstanding ratings, 26 scored satisfactory and zero fell into the category of being rated out of compliance.

The list of 32 firms can be found here.

Recent Articles by Brena Swanson

Comments powered by Disqus