Regulatory Alerts2020-06-30 | 2020-13830Added · Updated
Credit Risk Retention-Notification of Commencement of Review; Extension of Review Period
The OCC, Board, FDIC, SEC, FHFA, and HUD jointly extended the review period for specific Credit Risk Retention Regulations regarding qualified residential mortgages and related exemptions. This extension, necessitated by market disruptions from the COVID-19 pandemic, pushes the deadline for completing the review and publishing the determination to June 20, 2021. The agencies previously commenced this mandatory review in December 2019 as required by the Credit Risk Retention Regulations.
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