In the Crosshairs: Security Savings Bank

The Office of Thrift Supervision has set up camp in a small Kansas bank with ties to the former Bush administration, as part of an effort to examine the bank’s mortgage books and accounting practices, according various sources working inside the bank and at the Office of Thrift Supervision, the bank’s regulator.

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Many have wondered aloud why the bank’s regulator has until now failed to take a close look at the bank’s operations, and sources intimately familiar with the bank’s operations suggested to HousingWire on condition of anonymity that Bell’s political ties have been a large reason the OTS has been kept at bay for the past three years.