Our response, therefore, addresses consideration under the lending and investment tests, which are applicable primarily to large institutions. Institutions originating the loans Under the lending test, the agencies evaluate institutions' originations and purchases of home mortgage loans, as well as other types of loans. See 60 Fed. See 60 Fed. Therefore, under the lending test, examiners will consider all home mortgage loans originated by institutions.
Examiners also consider an institution's community development lending under the lending test.
See also 60 Fed. Therefore, under the lending test, some housing loans may qualify as community development loans. An investment in a UIT composed primarily of mortgage-backed securities based on loans that were extended to individuals earning below 80 percent of median income would fall within this criterion. I trust this information is helpful to you. You may also be interested to know that the staffs of the four financial supervisory agencies are presently developing an official commentary to provide additional guidance for resolving interpretive questions arising under the new CRA regulations.