PGA golfer Dustin Johnson sues Nat Hardwick for $3 million theft

PGA golfer Dustin Johnson sues Nat Hardwick for $3 million theft

Former LandCastle Title CEO was Johnson's attorney and "trusted advisor"

Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you

Auction.com partners with Google to predict housing trends

Nowcast will predict in real time
W S
Servicing / The Ticker

OCC addresses foreclosure review controversy with new guidelines

table
/ Print / Reprints /
| Share More
/ Text Size+

According to Reuters, the Office of the Comptroller of the Currency published new ground rules on when the agency should tell banks to hire outside consultants. The agency made this decision after facing criticism over past foreclosure reviews that involved outside consultants.

The Office of the Comptroller of the Currency could require a bank to retain an independent consultant if the problems are severe and the agency is concerned about the bank's ability to fix the issues, it said in the new guidance.

"While consultants can provide knowledge, expertise, and additional resources, we must take care to ensure they maintain independence and are subject to appropriate oversight," Comptroller of the Currency Thomas Curry said in a statement.

Source: Reuters
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus