Posted on January 6, 2009 by Hunton & Williams LLP Print This Article

Foreclosure Prevention Sought Through Community Reinvestment Act

Today the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency and the Office of Thrift Supervision jointly published new and revised "Interagency Questions and Answers Regarding Community Reinvestment."  The "Questions and Answers" interpret the agencies' Community Reinvestment Act regulations, encourage financial institutions to take steps to prevent mortgage foreclosure and otherwise provide guidance to financial institutions and the public.  Click here for the joint press release, and click here for the "Interagency Questions and Answers Regarding Community Reinvestment."

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