Regulatory Alerts2019-12-20 | 2019-27490Credit Risk Retention-Notice of Commencement of Review
The OCC, Board of Governors of the Federal Reserve System, FDIC, SEC, FHFA, and HUD jointly announced the commencement of a review of specific provisions within the Credit Risk Retention Regulations. The agencies will evaluate the definition of qualified residential mortgage, the community-focused residential mortgage exemption, and the exemption for qualifying three-to-four unit residential mortgage loans. Public comments regarding this review must be submitted by February 3, 2020.
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