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How to add predictive analytics into your risk program. Risk reports are often limited to historical insights and issues and do not provide guidance and insights into the future of the organization. Adding predictive analytics can allow your organization to detect emerging risks and create mitigation plans. This can be achieved by combining internal and external key risk indicators (KRIs) and key performance indicators (KPIs) with regulatory intelligence. This ensures that risk reports can detect more issues and highlight areas of concern. Click here to learn more.

Top Story Lending Related


OCC releases CRA evaluations

The OCC has released a list of the 26 Community Reinvestment Act (CRA) performance evaluations that became public during the month of August. Nineteen were rated satisfactory and these seven were rated outstanding (links are to the institutions' evaluations):


FDIC Q2 insured institutions report

The FDIC has released its Second Quarter 2019 Report based on Call Report data from all FDIC-insured institutions, highlighting—

  • Net income of $62.6 billion
  • Net income Increased 4.1 percent from second quarter 2018
  • Net interest margin remained stable at 3.39 percent
  • Community banks reported 8.1 percent increase in net income over 2018
  • Total loan and lease balances increased from the previous quarter and 2018
  • The number of banks on the "Problem Bank List" declined to 56


HUD and Treasury propose housing reform plans

HUD and Treasury announced they have presented their housing finance reform plan to the president. The plans were developed in respond to the president’s Memorandum on Federal Housing Finance Reform issued on March 27, 2019, which directed HUD and Treasury to craft the housing finance reform plans.

The Treasury recommendation includes providing explicit and paid-for federal government support for the secondary market, ending the more-than-decade-long conservatorships of Fannie Mae and Freddie Mac and promoting greater private-sector competition in housing finance. HUD's proposal includes reforms to the Federal Housing Administration and Ginnie Mae.


FDIC lists four outstanding CRA evals

The FDIC has released a list of banks recently evaluated for compliance with the Community Reinvestment Act. Bank evaluations are given ratings of Substantial Non-Compliance, Needs to Improve, Satisfactory or Outstanding. Of the 73 banks listed, 68 received Satisfactory ratings, one bank was rated Needs to Improve, and these four banks were awarded Outstanding ratings (links are to their evaluations):


Nebraska bank pays $37K flood penalty

The Federal Reserve Board has issued an Order of Assessment of a civil money penalty of $37,000 on First State Bank Nebraska for its pattern or practice of unspecified violations of Federal Reserve Regulation H, 12 CFR 208.25, which implements the requirements of the National Flood Insurance Act.

BOL's Andy Zavoina notes that 2019 flood violation civil money penalties to date are 151 percent of the total for all of 2018, at $759,000.


Beige Book released

The September Beige Book has been posted by the Reserve Board, with information collected on or before August 23, 2019, and summarizes comments received from outside the Federal Reserve System.

On balance, reports from Federal Reserve Districts suggested that the economy expanded at a modest pace through the end of August. Although concerns regarding tariffs and trade policy uncertainty continued, the majority of businesses remained optimistic about the near-term outlook. Reports on consumer spending were mixed, although auto sales for most Districts grew at a modest pace. Tourism activity since the previous report remained solid in most reporting Districts. On balance, transportation activity softened, which some reporting Districts attributed to slowing global demand and heightened trade tensions. Home sales remained constrained in the majority of Districts due primarily to low inventory levels, and new home construction activity remained flat.


FEMA to suspend Oklahoma communities

The Federal Emergency Management Agency has published a notice [84 FR 46685] in today's Federal Register identifying communities in Oklahoma scheduled for suspension from the National Flood Insurance Program on September 13, 2019, for failure to comply with the floodplain management requirements of the program.

The communities listed are Afton, Bernice, Bluejacket, Disney, Jay, Miami, Vinita, and unincorporated areas of Craig and Mayes Counties.


NMLS adds page on implementing EGRRCPA licensing rule

The NMLS has announced its launch of a new Temporary Authority to Operate webpage in its Resource Center to help federally registered mortgage loan originators seek state licensure, and state-licensed MLOs seek licensure in another state, as allowed under a provision of the Economic Growth, Regulatory Relief and Consumer Protection Act of 2018 that amends the S.A.F.E. Act of 2008 effective November 24, 2019.


FFIEC releases 2018 HMDA data

The FFIEC has announced the availability of data on mortgage lending transactions at 5,683 U.S. financial institutions covered by the Home Mortgage Disclosure Act. Covered institutions include banks, savings associations, credit unions, and mortgage companies. Released today are loan-level HMDA data covering 2018 lending activity that were submitted on or before August 7, 2019. The HMDA loan-level data available to the public will be updated, on an ongoing basis, to reflect late submissions and resubmissions. Accordingly, loan-level data downloaded from at a later date will include any such updated data.

The FFIEC also posted a Modified LAR browser for accessing a downloadable modified LAR file for each HMDA filer that has submitted data on its 2018 (or 2017) lending, along with information on the modified file specifications, schemas, and instructions.


FDIC announces CRA exam schedules

The FDIC has issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the fourth quarter of 2019 and first quarter of 2020.


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