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OCC updates Mortgage Banking booklet
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Banking
Wednesday, February 12, 2014
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The Office of the Comptroller of the Currency released a major update to its Mortgage Banking booklet, which provides guidance on assessing the quantity of risk associated with mortgage banking and the quality of mortgage banking risk management. Updates to the booklet include sweeping changes to the functional areas of production, secondary marketing, servicing and mortgage servicing rights. Read on to learn about the updates.
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