On September 13th, the Office of the Comptroller of the Currency ("OCC") issued the "Other Real Estate Owned" booklet of the Comptroller’s Handbook. The booklet provides updated guidance to examiners and bankers on the acquisition, reporting, management, and disposition of OREO. Major revisions address interagency appraisal and evaluation guidance; managing and renting foreclosed residential properties; third-party service providers; borrower redemption periods after foreclosure; and the exchange of participation interests in OREO. OCC Bulletin.