Regulatory Alerts2012-06-28
Added · Updated
SR 12-10 / CA 12-9: Questions and Answers for Federal Reserve-Regulated Institutions Related to the Management of Other Real Estate Owned (OREO)
The Board of Governors of the Federal Reserve System issued SR 12-10 / CA 12-9 to provide clarifying questions and answers regarding the management of Other Real Estate Owned (OREO) assets for all Federal Reserve-regulated institutions. This guidance reiterates longstanding policies on financial reporting, loss recognition, and property management while addressing safety-and-soundness and consumer compliance issues arising from increased OREO levels. The document covers critical topics including asset transfer, appraisal concepts, ongoing management, and the sale or transfer of OREO properties.
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