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#1596462 - 08/25/11 03:42 PM Foreclosure Management
osucpa Offline
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We are an OCC regulated bank. Has any one else started their Foreclosure Process Governance - Self Assessment. The self assessment is due September 30, 2011.

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Audit
#1596644 - 08/25/11 06:38 PM Re: Foreclosure Management osucpa
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I started a list from information on the OCC Supervisory Guidance and the Interagency Review of Foreclosure Policies and Practices. I have only done this in pen so far, I'm a little lost in the collection world, so I'm waiting on our collections mgr to help me out.

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#1596647 - 08/25/11 06:46 PM Re: Foreclosure Management 3-2-Go
J2C Offline
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Big Brother knows and that's a...
If you are an ABA member and belong to their Compliance Network another compliance officer uploaded her excel worksheets she is going to use for this assessment. She said that she had it approved by her examiner already.
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#1596668 - 08/25/11 07:07 PM Re: Foreclosure Management J2C
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Thanks for the information smile

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#1598918 - 08/31/11 09:15 PM Re: Foreclosure Management 3-2-Go
crazylady Offline
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IS there a way to look at her excel worksheet if you are not an ABA member and do not belong to the Compliance Network?

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#1601719 - 09/09/11 04:25 PM Re: Foreclosure Management crazylady
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Napa, CA
Ditto crazylady...any help out there is appreciated

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#1601956 - 09/09/11 07:36 PM Re: Foreclosure Management Princess of Power
Al Miller Offline
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Al Miller
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Pleasanton CA USA
Jenny, who is this "she" and why is she not a power poster here? Haven't you told her about us? What do you mean, she took that as warned, not told. blush

Al
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Opinions expressed are my own and not necessarily shared by my employer.

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#1601997 - 09/09/11 08:06 PM Re: Foreclosure Management Al Miller
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PM me your email and I will forward what I have found.

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#1605624 - 09/19/11 07:56 PM Re: Foreclosure Management 3-2-Go
Al Miller Offline
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Al Miller
Joined: Oct 2000
Posts: 2,416
Pleasanton CA USA
I'm reading the remarks by John Walsch at the American Banker Regulatory Symposium earlier today and he expects the scope of our self assessment to include "any mortgage ... on a borrower's primary residence that was in any stage of foreclosure between January 1, 2009 and December 31, 2010."

I had not planned on going back that far, but planned on all of 2011. Oh well, my plans have changed.


Sl


Al
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Opinions expressed are my own and not necessarily shared by my employer.

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#1606100 - 09/20/11 06:12 PM Re: Foreclosure Management Al Miller
Not a Fan Offline
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Tennessee
Is the self-assessment review from Jan.09-Dec.2010 for all banks or only the 14 servicers who received the enforcement action-I’m confused? We are a community bank from the OTS who is now OCC and just trying to understand exactly what they want. I appreciate these posts, they are very helpful in trying to understand this.

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#1606653 - 09/21/11 06:08 PM Re: Foreclosure Management Not a Fan
RR Sarah Offline
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RR Sarah
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Up North
Rick C. - OCC 2011-29 requires all national banks to complete a self-assessment by 9/30/11.
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#1606690 - 09/21/11 06:28 PM Re: Foreclosure Management RR Sarah
Kathleen O. Blanchard Offline

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Former OTS banks have until year end to complete their self assessment. A letter went out to the banks.
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#1606969 - 09/22/11 01:24 PM Re: Foreclosure Management Kathleen O. Blanchard
NotDoneYet Offline
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PA
I am wondering the same thing as Rick C. Are the Jan 1, 2009 - Dec. 31, 2010 dates for all banks for self-assessment or were they the dates for the 14 servicers reviewed?

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#1607826 - 09/23/11 03:19 PM Re: Foreclosure Management NotDoneYet
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I'm doing our banks for the last 2 yrs. But our bank is very small, I only had to review 5 loans. Then if the OCC would want more reviewed, I'm sure they will tell me. I assumed the 2009 date was just for those banks.

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#1607855 - 09/23/11 03:32 PM Re: Foreclosure Management 3-2-Go
RR Sarah Offline
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RR Sarah
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Up North
I pulled ours beginning January 1, 2009. Small bank with most of them being Deed in Lieu of Foreclosure. We are a national bank.
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#1609768 - 09/28/11 02:30 PM Re: Foreclosure Management J2C
t0dd Offline
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I am an ABA member, where exactly would I find the uploaded Excel worksheet?

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#1610686 - 09/29/11 05:35 PM Re: Foreclosure Management t0dd
rescue me Offline
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I am very interested in this excel spreadsheet also. Any help would be fantastic!

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#1613593 - 10/06/11 10:04 PM Re: Foreclosure Management rescue me
KTMiteComply Offline
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only if I want to....
I would be very much deeply indebted if I could get some guidance as well!!! smile Thanks a million!
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