The OCC issued supervisory guidance on the risk management and reporting requirements for rental properties. The guidance bulletin is applicable to investor-owned, one- to four-family residential real estate lending where the primary repayment source for the loan is rental income. The guidance requires that banks have credit risk management policies and processes for the risks specific to investor-owned, one-to four family residential real estate lending that cover, among other things, underwriting and loan identification and portfolio monitoring expectations.
Goodwin Procter LLP is one of the nation’s leading law firms, with a team of 700 attorneys and offices in Boston, Los Angeles, New York, San Diego, San Francisco and Washington, D.C. The firm combines in-depth legal knowledge with practical business experience to deliver innovative solutions to complex legal problems. We provide litigation, corporate law and real estate services to clients ranging from start-up companies to
