The Office of the Comptroller of the Currency (OCC), which supervises federally-chartered banks and savings associations, has issued an updated "Mortgage Banking" booklet, which is part of the larger Comptroller's Handbook. The new booklet replaces the earlier version issued in March 1996, examination procedures issued in March 1998, and Section 750 of the former Office of Thrift Supervision's Examination Handbook, issued in November 2008.

The updates include modifications to address significant changes to the primary and secondary mortgage market and regulatory developments, including the Dodd-Frank Wall Street Reform and Consumer Financial Protection Act of 2010 and major revisions to Regulations X and Z. The booklet provides guidance to national banks and federal savings associations (FSAs) on mortgage portfolio risk management and examination procedures.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.