Bankowość · 20/12/2019

Credit Risk Retention-Notice of Commencement of Review

The Office of the Comptroller of the Currency (OCC), the Board, the Federal Deposit Insurance Corporation (FDIC), the Commission, the Federal Housing Finance Agency (FHFA), and the Department of Housing and Urban Development (HUD) are providing notice of the commencement of a review of the definition of qualified residential mortgage; the community-focused residential mortgage exemption; and the exemption for qualifying three- to-four unit residential mortgage loans, as currently set forth in the Credit Risk Retention Regulations, which were adopted by the agencies. The review aims to assess the effectiveness of these exemptions and potentially make changes to the regulations.