Office of Comptroller of the Currency
The oldest federal financial regulatory body, which oversees the nation’s federally chartered banks.
Office of Thrift Supervision
Regulatory and supervisory agency for federally chartered savings institutions.
Origination Fee
A fee or charge for work involved in evaluating, preparing, and submitting a proposed mortgage loan. The fee is limited to 1 percent for FHA and VA loans.
Owner Financing
A purchase in which the seller provides all or part of the financing.