... letter 95 -16, Real Estate Appraisal Requirements for Other Real Estate Owned (OREO),” March 28, 199 5. CA letter 09- 5, “Information and Examination Procedures for the ‘Protecting Tenants at Foreclosure ... for Sales of Real Estate ), which includes specific criteria for the recognition of profit. Commercial Bank Examination Manual section 2200.1, “Other Real Estate Owned” available at http://www.federalreserve.gov/boarddocs/supmanual/cbem/2000.pdf. ... rental and owner-occupied housing, and its capacity to engage in rental activity in a safe and sound manner and consistent with applicable laws and regulations. Banking organizations should have...