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Mortgage banking generally involves loan originations, purchases, and sales of residential mortgages. A bank can retain or sell loans it originates and retain or sell the servicing on those loans. Banks can also participate in mortgage banking by purchasing rather than originating loans. Many of the loans mortgage banks sell originate under government-sponsored programs. Follow the links on this page to regulatory resources related to mortgage banking.
CA = consumer advisory
Accounting and Reporting for Commitments to Originate and Sell Mortgage Loans (OCC 2005-18, May 2005), Interagency Advisory
Agencies Issue Final Rule for Mortgage Loans Modified under the Home Affordable Mortgage Program (NR 2009-140, November 2009), Final Rule
Agencies Issue Statement in Support of the "Making Home Affordable" Loan Modification Program (NR 2009-18, March 2009)
Capital Treatment of Recourse, Direct Credit Substitutes, and Residual Interests, Interpretations (OCC 2002-22, May 2002), Questions and Answers
Consumer Tips for Avoiding Mortgage Modification Scams and Foreclosure Rescue Scams (CA 2009-1, April 2009), News Release
Implicit Recourse in Asset Securitization (OCC 2002-20, January 2002), Interagency Guidance
Nontraditional Mortgage Products (OCC 2006-41, October 2006), Final Guidance (Federal Register, October 4, 2006)
Nontraditional Mortgage Products: Illustrations of Consumer Information (OCC 2007-28, August 2007), Final Guidance (Federal Register, June 8, 2007)
Risk-Based Capital, Recourse, Direct Credit Substitutes, and Residual Interests (OCC 2001-49, December 2001), Final Rule (Federal Register, November 29, 2001)
Working with Borrowers: Statement on Residential Real Estate Loan Structurings for Serviced Loans (OCC 2007-38, October 2007); Interagency Statement
Working with Mortgage Borrowers: Interagency Statement (OCC 2007-14, April 2007)
See also Reverse Mortgages under Other Retail Products.