Mortgage Banking

Overview

This booklet addresses the risks inherent in mortgage banking, which generally involves loan originations as well as purchases and sales of loans through the secondary mortgage market. This booklet addresses risks associated with mortgage banking, relevant laws and regulations, accounting principles, regulatory guidance, and risk management. For more information regarding a bank's origination of mortgage loans to be retained in its own portfolio, refer to the "Retail Lending" and "Residential Real Estate Lending" booklets of the Comptroller's Handbook.

Applicability

This booklet applies to the OCC's supervision of national banks and federal savings associations. References to national banks in this booklet also generally apply to federal branches and agencies of foreign banking organizations. Refer to 12 USC 3102(b) and the "Federal Branches and Agencies Supervision" booklet of the Comptroller's Handbook for more information.