Federal thrifts may buy securitized loans from Neighborhood Housing Services of America, the Office of Thrift Supervision said in a legal opinion released last week.

In a letter dated March 28 and released April 28, Carolyn Buck, OTS chief counsel, concluded that buying securities from the nonprofit corporation could help thrifts improve their Community Reinvestment Act ratings.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.