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 announce an extension of the review period for specific Credit Risk Retention Regulations regarding qualified residential mortgages. The agencies determined that market disruptions precipitated by COVID-19 necessitate delaying the completion of their review and the publication of their determination until June 20, 2021. This action extends the timeline originally set to conclude within six months of the initial notification published in December 2019.
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