Most Popular Compliance Content
HMDA Info on Brokered Loans
02/02/2004
We are a de novo bank (8 months old) and our service area has been designated an MSA. For 2004 we will be a HMDA reporting bank. We have a Real Estate department that originates loans under broker agreements with loans being closed in the name of the investors. One of the brokers requires loans to be closed in the bank's name. Do we need to collect information on all brokered loans or just the ones closed in our name? We will be collecting HMDA information on all required loans that we carry on our books.
Risk Management MERITs Attention
02/01/2004
FDIC is expanding its risk-focused examinations, referred to as "Maximum Efficiency, Risk-Focused, Institution Targeted Examinations or "MERIT." Originally developed for small banks having assets o
CRA Ratings Announced
02/01/2004
The agencies regularly post the results of CRA examinations and the ratings given to banks. The OCC just announced that all the recent CRA ratings are either Outstanding or Satisfactory.
CRA Comment Letter (Suggestions)
02/01/2004
Now that the agencies have finally issued proposed revision to the CRA regulation, it is time to stand up and be counted.
Construction Loans
02/01/2004
Question: If we check and verify information that is in a credit report, does this make us an investigative credit reporter?