Hoping for HLTVs
The OCC yesterday expanded the ability of national banks and federal thrifts to make over-100% LTV loans as long as the loan is to purchase or rehab of an eligible loan in eligible distressed communities. The OCC’s newly-granted permission is so grudging that we doubt large loan volumes will ensue, but new partnerships with banks for flippers, investors, and community groups are now possible.

GSE-082217.pdf