Regulation X Homeownership Counseling Risk Assessment

$50.00

The Regulation X Homeownership Counseling Risk Assessment provides a framework upon which the risk related to the §1024.20 rules for providing a list of homeownership counselors in connection with an application with a federally related mortgage loans is evaluated.

Description

Examiners expect all financial institutions to conduct and document a comprehensive, ongoing, institution-wide risk assessment. The Risk Assessment evaluates and rates inherent risk, the quality of controls and residual risk. Benchmarks are provided for each rating for each factor. The Regulation X Homeownership Counseling Risk Assessment provides a framework upon which the risk related to the §1024.20 rules for providing a list of homeownership counselors in connection with an application with a federally related mortgage loans is evaluated.

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