OCC Addresses Liquidity and Forbearance Issues

first_img Servicers Navigate the Post-Pandemic World 2 days ago Blake Paulson, the new Chief National Bank examiner with the Office of the Comptroller of the Currency (OCC) and senior deputy comptroller for midsize and community bank supervision, recently spoke with Law360 on the OCC’s plan beyond the coronavirus, detailing the steps the agency and banks can take to prepare for the next financial downturn.According to Paulson, one of the most significant priorities of the OCC has been strengthening the Community Reinvestment Act regulation.“We’ve done a tremendous amount of work to first put out an advanced notice of proposed rulemaking to request, which was a series of questions on the CRA and then a proposed rule. Now we’ve gotten all those comments back, and we’re working on drafting the final rule. We expect that, working in conjunction with the FDIC [Federal Deposit Insurance Corporation], we will release a final rule this year.”Paulson also notes that with increased forbearances may come increased risks.“We’re seeing a lot of forbearance activity relative to mortgage loans, auto loans, consumer loans and commercial loans,” Paulson notes. “Banks are providing various types of forbearance, such as loan restructurings.”Beyond the technical and legal requirements, Paulson notes, banks need to assess risk as it’s building in their loan portfolios, accurately risk-rate loans and ensure they have appropriate loan-loss reserves. Those are the primary areas where banks and examiners will be focused as we move into challenging economic times.According to Paulson, the OCC is addressing liquidity in a number of ways.“To start with, we want to understand how the bank views this,” Paulson states. “What’s their analysis? What’s their risk assessment in a stress-type scenario? What have they done to think about how much liquidity they should have on hand?”“We would challenge that analysis and likely come to some type of an agreement for what the bank should have for liquidity and, if the bank agrees to that, we might include what we refer to as a matter requiring attention in the reported examination explaining our concerns, including what the bank committed to do about it and a time frame for that commitment,” he continues. About Author: Seth Welborn in Daily Dose, Featured, Government, Market Studies, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Ginnie Mae Issues $63.81B in MBS Next: More Americans Expect to Miss Mortgage Payments The Best Markets For Residential Property Investors 2 days ago  Print This Post Share Save Comptroller Forbearance OCC 2020-05-12 Seth Welborn Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / OCC Addresses Liquidity and Forbearance Issues May 12, 2020 1,906 Views Demand Propels Home Prices Upward 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Servicers Navigate the Post-Pandemic World 2 days ago OCC Addresses Liquidity and Forbearance Issues Demand Propels Home Prices Upward 2 days ago Tagged with: Comptroller Forbearance OCC Subscribelast_img read more

PIONEER DAYS: Museum takes guest back to frontier times

first_img By Jaine Treadwell Latest Stories Sponsored Content The idea of time travel is thought to be ridiculous but on Friday, both young people and adults were transported back in time during Pioneer Days at the Pioneer Museum of Alabama. And, the window of opportunity to time travel will again be open today at the museum just north of Troy. The gates of the Pioneer Museum of Alabama will open today at 10 a.m. and close at 4 p.m.Pioneer Days are fun, educational days for the entire family. Today’s demonstrations and hands-on events will include woodworking, cotton spinning, chair caning, weaving and singing in the Log Church. Historical presentations will feature a Native American, Davy Crockett, a long hunter and a French grenadier.“A blacksmith will be at work and the Montgomery Area Dulcimer Players will perform at 10:30 a.m.” said Barbara Tatom, museum director. “Forrest Dilmore’s chuck wagon is at Pioneer Days for the first time and the students and adults enjoyed a sampling of the peach cobbler cooked over open fire just the way it was on cattle drives back during the Old West. But, if the response to Pioneer Days on Friday is indication, Pioneer Days is fun from beginning to end.” Plans underway for historic Pike County celebration PIONEER DAYS: Museum takes guest back to frontier times Pike County Sheriff’s Office offering community child ID kits By The Penny Hoarder Bulldogs return home, rout Red Tops The Pike County Bulldogs played about as efficiently as a team can Friday night in a dominating 60-0 victory against… read more Book Nook to reopen Print Article Troy falls to No. 13 Clemson You Might Like Remember America’s heroes on Memorial Day Skip 12PrevNextStartStop Published 3:00 am Saturday, October 12, 2019 Dilmore said he paid an arm and leg for the wagon and then paid the other arm and leg to outfit the wagon.Al Bouler from Old Alabama Town in Montgomery portrays Davy Crockett. He told the students about the first time he grinned down a possum. To prove he did just what he said, he had the possum’s pelt to show for it.Crockett taught the kids the possum-down grin and almost guaranteed them they would have the makings of Tennessee possum stew if they grinned just right.Native American Tamatha Latham shared interesting facts about the clothing of Native American women.“Most of their clothing was linen because cotton was too expensive,” she said. “Cotton came from Europe and was more expensive than silk.”Latham showed the children the beads that were a part of Lewis and Clark’s attempt to reach the Pacific Ocean.Paul Sexton, a long gunman, told the students that tomatoes were first used only as decoration. It was later that the pioneers discovered that the tomato was good to eat.The students had a chance to watch Wayne Brunson’s skill with the drawing knife and sing old-time hymns with Rev. Ed Shirley and learn about circuit riders.They visited with Conductor Roy Nelson on the steam-driven train and covered their ears when Mike McCreedy shot his long-gun.Ricky and Naomi Higby came from Montgomery with their two-year-old son to get a feel for pioneer life. Ricky will play “Paw” in a Christmas production of “Little House” at the Wetumpka Depot Theater in December.He left with a greater understanding of pioneer life and appreciation for an outstanding museum dedicated to those who pioneered Alabama.Tatom expressed appreciation to the demonstrators, historical interpreters and volunteers who are making Pioneer Days possible and to all visitors to Pioneer Days. Students from Morris Slingluff Elementary School in Dothan gave Pioneer Days two thumbs up and their teachers and chaperons gave the annual field trip five stars.Morris Slingluff teacher Diane Ard said Pioneer Days has been a field trip destination for the school’s fourth grade students for four years and counting.“It’s a hands-on field trip and the students really like that,” Ard said. “Pioneer Days provides them with real-life experiences. We study about pioneer life but there is no substitute for actually experiencing it. We look forward to Pioneer Days every year.” The Penny Hoarder Issues “Urgent” Alert: 6 Companies… Ard said the chuck wagon was a great addition to Pioneer Days and the cobbler was a real treat.For those who have an interest in the Old West, Dilmore’s chuck wagon is like stepping back in time.Dilmore said the chuck wagon is something he does aside from his fulltime job but, when he retires, it will occupy much more of his time. He enjoys it that much.“I wanted a chuck wagon and left home knowing that I would not come back without one,” he said. “There were five wagons that I was going to look at in Texas, Oklahoma, Colorado and Wyoming. I first looked at the one in Texas then I went to Oklahoma. When I saw this wagon, I didn’t look any farther.” Email the author Around the WebMd: Do This Immediately if You Have Diabetes (Watch)Blood Sugar BlasterIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential HealthTop 4 Methods to Get Fortnite SkinsTCGThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more