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#1908743 - 03/26/14 04:01 PM Other Real Estate
MiMi Offline
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MiMi
Joined: Mar 2002
Posts: 365
How long can a bank hold Other Real Estate on it's books? We are regulated by FDIC. I am having difficulty finding answer. Thank you

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Lending Compliance
#1908744 - 03/26/14 04:03 PM Re: Other Real Estate MiMi
manimal Offline
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manimal
Joined: Feb 2008
Posts: 2,207
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I don't know if there's a set limit... but this is the lastes REO guidance from the FDIC:

http://www.fdic.gov/news/news/financial/2008/fil08062a.html

ETA: And Exam procedures: http://www.fdic.gov/regulations/safety/manual/section3-6.pdf
Last edited by manimal; 03/26/14 04:04 PM. Reason: ETA
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#1908751 - 03/26/14 04:17 PM Re: Other Real Estate MiMi
#Just Jay Offline
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#Just Jay
Joined: Oct 2006
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Cheeseheadland
This is sometimes discussed in state law as well.
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#1908757 - 03/26/14 04:23 PM Re: Other Real Estate MiMi
MiMi Offline
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MiMi
Joined: Mar 2002
Posts: 365
Manimal, thank you for your quick reply. I have the documents you listed; however, they don't specifically state how long ORE can be "held" by bank. I think I will look to Holding Company regs. Thanks.

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#1908758 - 03/26/14 04:23 PM Re: Other Real Estate MiMi
manimal Offline
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manimal
Joined: Feb 2008
Posts: 2,207
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I've never seen a limit before, let us know if you find one.
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