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Product Update Notification - 10/17/11 New and Revised Policy Templates Risk Management of Foreclosure Policy Template - NEW! Real Estate Loan Policy Template The release of these new and revised products is in response to the OCC's Bulletin 2011-29 dated June 30, 2011 entitled "Foreclosure Management" that issues guidance to communicate the OCC's expectations for the oversight and management of mortgage foreclosure activities by national banks: http://www.occ.gov/news-issuances/bulletins/2011/bulletin-2011-29.html NOTE: Both products focus on OCC expectations for national bank foreclosure management practices and do not address detailed mortgage servicing requirements or broader issues related to working with troubled borrowers. The OCC and other federal bank regulatory and housing agencies are developing guidance to address the full range of mortgage servicing issues that have surfaced during the current housing crisis that will be released at a later date. Subsequently, we will revise both of these products when the guidance is released. The complete contents of the Risk Management of Foreclosure Policy Template are including the in the Real Estate Loan Policy Template as Topic 10 - Risk Management of Foreclosure. What's Revised Please visit the following page to review detailed subject matter for the revised topic for this product: Real Estate Loan Policy Template Product Update Details Ordering Information These products are available to purchase from Bankpolicies.com for: Risk Management of Foreclosure Policy Template $100.00 - List Price Real Estate Loan Policy Template $475.00 - List Price - or - $50.00* - Update Price *Applies only to clients who have purchased the Real Estate Loan Policy Template within the last three years in addition to the following prior updates (if applicable): Real Estate Loan Policy Template Update - 09/12/11 - $25.00 Real Estate Loan Policy Template Update - 05/09/11 - $50.00 Real Estate Loan Policy Template Update - 02/22/11 - $25.00 Real Estate Loan Policy Template Update - 01/03/11 - $25.00 Real Estate Loan Policy Template Update - 09/20/10 - $50.00 Real Estate Loan Policy Template Update - 08/09/10 - $25.00 Real Estate Loan Policy Template Update - 01/11/10 - $100.00 Real Estate Loan Policy Template Update - 11/16/09 - $75.00 Real Estate Loan Policy Template Update - 01/20/09 - $100.00 If you have ordered the Real Estate Loan Policy Template after 09/17/11 you are eligible to receive that updated product at no charge. Click here to place an order for any of these products. The appropriate Legacy Rewards Volume Discount will be applied to the update or list price for clients who are eligible. NOTE: Refer to our Place an Order page for important information regarding payment terms and our return policy. Orders placed for Product Updates are only available directly through Bankpolicies.com. Find Out What's New or Revised with our Product Update Program Our Product Update Program allows existing clients to receive e-mail notifications from us the same day we issue a new or revised product. We encourage you to subscribe today for this free and convenient service. |