The Office of the Comptroller of the Currency (OCC) recently issued the "Mortgage Banking" booklet of the Comptroller's Handbook, which updates a similarly titled booklet that was issued in March 1996 with examination procedures issued in March 1998. The booklet also replaces section 750 of "Mortgage Banking," which was "issued in November 2008 as part of the former Office of Thrift Supervision's (OTS) Examination Handbook for the examination of federal savings associations (FSA)." It applies to all banks engaged in mortgage banking activities and addresses the nature, general requirements and core examination procedures regarding the Consumer Financial Protection Bureau's (CFPB) recently imposed requirements related to mortgage servicing standards, loan origination compensation parameters, the Secure and Fair Enforcement of Mortgage Licensing (SAFE) Act of 2008, and ability-to-repay requirements. (See our Jan 30, 2014, blog post – "Bricker & Eckler partner Anthony Sharett discusses how new CFPB regulations are impacting consumers and the banking industry"). For more, read the full OCC bulletin.