According to OCCâs Risk Management Guidance for Higher Loan-to-Value Lending, âAt least annually, the OCC will evaluate the overall impact of programs offered by all banks in communities targeted for revitalization.â As part of this annual evaluation, OCC will provide to OMB the framework and data sources it used in support its evaluation of HLTV lending program performance under the Guidance. This includes, if applicable, any information regarding loan repayment terms, loan characteristics, delinquency rates, loan modifications, foreclosure rates, among other program performance indicators. In addition, in order to provide insight into the practical utility of the data sources utilized, OCC should also provide a summary of any analysis used to evaluate the effect of HLTV lending on community revitalization program goals.
Inventory as of this Action
Requested
Previously Approved
06/30/2019
36 Months From Approved
120
0
0
5,000
0
0
0
0
0
The OCC recognizes that banks and other parties have expressed concern that depressed housing values in certain distressed communities in the United States inhibit mortgage lending in these communities. One way in which banks can support revitalization efforts in distressed communities is by offering mortgage products for purchasing, or purchasing and rehabilitating, one- to four-unit residential properties where the loan amount may exceed supervisory loan-to-value (SLTV) limits. This bulletin provides guidance for managing risks associated with originating certain residential mortgage loans that exceed SLTV limits.
The increase in burden is due to the fact that this is a new collection.
No
No
No
No
No
Uncollected
Krista LaBelle 202 649-6221
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Excess SLTV Lending OMB Supporting Statement 6-26-2017.docx
Reporting