Regulatory Alerts2021-07-22 | 2021-15424Credit Risk Retention-Notification of Extension of Review Period
The OCC, Board, FDIC, SEC, FHFA, and HUD have extended the review period for specific Credit Risk Retention Regulations until December 20, 2021. This extension applies to the definition of qualified residential mortgage, the community-focused residential mortgage exemption, and the exemption for qualifying three-to-four unit residential mortgage loans. The agencies previously initiated this review in December 2019 and had previously extended the deadline to June 2021.
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