Regulatory Alerts2020-06-30 | 2020-13830Credit Risk Retention-Notification of Commencement of Review; Extension of Review Period
The OCC, Board, FDIC, SEC, FHFA, and HUD have extended the review period for specific Credit Risk Retention Regulations regarding qualified residential mortgages and related exemptions until June 20, 2021. This extension, driven by market disruptions from the COVID-19 pandemic, delays the publication of the agencies' determination on the subject residential mortgage provisions originally required by December 2019. The agencies notified the public of the commencement of this review in December 2019 and are now formally extending the deadline for its completion and subsequent announcement.
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