Regulatory Alerts2021-12-20 | 2021-27561Added · Updated
Credit Risk Retention Notification of Determination of Review
The OCC, Federal Reserve Board, FDIC, SEC, FHFA, and HUD jointly determined that no amendments are required for the qualified residential mortgage definition, community-focused exemption, and three-to-four unit loan exemption under existing Credit Risk Retention Regulations. Analyzing mortgage performance data from 2014 to 2019, the agencies confirmed that current debt-to-income thresholds and borrower characteristics remain predictive of lower default rates despite persistently tight credit conditions. Accordingly, the regulators will maintain the existing rules without proposing changes to preserve broad residential mortgage credit access and effective securitization risk alignment.
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