OCC Issues Statement in Support of
Responsible Loss Mitigation Activities
WASHINGTON — The Office of the Comptroller of the Currency (OCC) encourages national banks to review the new Federal Financial Institutions Examination Council (FFIEC) statement which encourages responsible loan loss mitigation activities aimed at preserving homeownership. The statement is attached.
The Office of the Comptroller of
the Currency was created by Congress to charter national banks, to oversee a
nationwide system of banking institutions, and to assure that national banks
are safe and sound, competitive and profitable, and capable of serving the
banking needs of their customers in the best possible manner.OCC press releases and other information are available at
http://www.occ.gov.To
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