Credit Risk Retention

Date

12/24/2014

Number

RIN-2590-AA43

Group

Other

CFR

12 CFR 1234

Effective Date

Mon, 02/23/2015 - 12:00

Credit Risk Retention

FOR FURTHER INFORMATION CONTACT: Patrick J. Lawler, Associate Director and Chief Economist, Patrick.Lawler@fhfa.gov, (202) 414–3746; Austin Kelly, Associate Director for Housing Finance Research, Austin.Kelly@fhfa.gov, (202) 343–1336; Phillip Millman, Principal Capital Markets Specialist, Phillip.Millman@fhfa.gov, (202) 343–1507; or Thomas E. Joseph, Senior Attorney Advisor, Thomas.Joseph@fhfa.gov, (202) 414–3095; Federal Housing Finance Agency, Third Floor, 1700 G Street, NW., Washington, DC 20552. If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.

SUMMARY: The OCC, Board, FDIC, Commission, FHFA, and HUD (the Agencies) are proposing rules to implement the credit risk retention requirements of section 15G of the Securities Exchange Act of 1934 (15 U.S.C. 78o–11), as added by section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 15G generally requires the securitizer of asset-backed securities to retain not less than five percent of the credit risk of the assets collateralizing the asset-backed securities. Section 15G includes a variety of exemptions from these requirements, including an exemption for asset-backed securities that are collateralized exclusively by residential mortgages that qualify as "qualified residential mortgages," as such term is defined by the Agencies by rule.

DATES: Comments must be received by June 10, 2011.

Public Comments

Below are a compilation of public comments made on this publication.

252 items

CSV

Date Sort ascending	First Name	Last Name	Organization	Comment
07/29/13	R. Bram	Smith	The Loan Syndications and Trading Association	View Comment Email: N/A Attachment: View Attachment
06/13/13	Barrett	Burns	VantageScore	View Comment Email: N/A Attachment: View Attachment
05/02/13	Donna	Sasso	N/A	View Comment Email: N/A Attachment: View Attachment
04/01/13	Victoria	Ivashina	The Loan Syndications and Trading Association (LSTA)	View Comment Email: N/A Attachment: View Attachment
03/21/13			Center for Responsible Lending	View Comment Email: N/A Attachment: View Attachment
03/04/13			Essent Guaranty Inc.	View Comment Email: N/A Attachment: View Attachment
01/23/13	Tom	Deutsch	American Securitization Forum (ASF)	View Comment Email: N/A Attachment: View Attachment
11/20/12	Vince	Sampson	Education Finance Council (EFC)	View Comment Email: N/A Attachment: View Attachment
09/21/12	Jim	Callahan	Pentalpha Surveillance, LLC	View Comment Email: N/A Attachment: View Attachment
08/31/12	Margaret	Sheehan	Ashurst LLP	Joyce Gorman, Ashurst LLP; Citibank N.A.; Deutsche Bank AG, New York B… Email: N/A Attachment: View Attachment
08/31/12	Margaret	Sheehan	Ashurst LLP	Joyce Gorman, Ashurst LLP; Citibank, N.A.; Deutsche Bank AG, New York… Email: N/A Attachment: View Attachment
08/29/12	Martin	Eakes	Center for Responsible Lending	Antonio Gonzalez, William C. Velasquez Institute.; Lisa Hasegawa, Nati… Email: N/A Attachment: View Attachment
04/23/12	Bianca A.	Russo	J.P. Morgan	View Comment Email: N/A Attachment: View Attachment
12/19/11			Securities and Exchange Commission (SEC)	Federal Reserve System (FRB); Federal Housing Finance Agency (FHFA); F… Email: N/A Attachment: View Attachment
09/16/11	Mike	Johanns	N/A	David Vitter. View Comment Email: N/A Attachment: View Attachment
09/08/11	Steve	Cohen	N/A	View Comment Email: N/A Attachment: View Attachment
08/23/11	Robert H.	Rowe	Rowe Realty Co., Inc.	View Comment Email: N/A Attachment: View Attachment
08/17/11	Skip	Duemeland, MBA	Duemelands Commerical Real Estate	View Comment Email: N/A Attachment: View Attachment
08/12/11			Prudential Mortgage Capital Company	Federal Housing Finance Agency. View Comment Email: N/A Attachment: View Attachment
08/09/11			Fair, Isaacs Company (FICO)	View Comment Email: N/A Attachment: View Attachment
08/07/11	Adam	Rust	Community Reinvestment Association of North Carolina	View Comment Email: N/A Attachment: View Attachment
08/07/11	Curt S.	Culver	Mortgage Guaranty Insurance Corporation (MGIC)	View Comment Email: N/A Attachment: View Attachment
08/04/11	Gus	Sauter	Vanguard	View Comment Email: N/A Attachment: View Attachment
08/02/11	Spencer	Bachus	United States House of Representatives, Committee on Financial Services	Scott Garrett. View Comment Email: N/A Attachment: View Attachment
08/01/11	Teresa Bryce	Bazemore	Radian Group, Inc.	View Comment Email: N/A Attachment: View Attachment
08/01/11	Bram	Smith	Loan Syndications and Trading Association (LSTA)	View Comment Email: N/A Attachment: View Attachment
08/01/11	Barry	Zigas	Consumer Federation of America (CFA)	View Comment Email: N/A Attachment: View Attachment
08/01/11	Neil	Milner	Conference of State Bank Supervisors (CSBS)	View Comment Email: N/A Attachment: View Attachment
08/01/11	Lyman	Missimer	Invesco	View Comment Email: N/A Attachment: View Attachment
08/01/11	David	Hirschmann	U.S. Chamber of Commerce Center for Capital Markets Competitiveness	View Comment Email: N/A Attachment: View Attachment
08/01/11	Lisa M.	Ledbetter	Freddie Mac	View Comment Email: N/A Attachment: View Attachment
08/01/11	Shanna L.	Smith	National Fair Housing Alliance (NFHA)	View Comment Email: N/A Attachment: View Attachment
08/01/11	Max	Cook	Missouri Bankers Association (MBA)	View Comment Email: N/A Attachment: View Attachment
08/01/11	Jaycee	Winn	Northwest Credit Union Association	View Comment Email: N/A Attachment: View Attachment
08/01/11	Anne C.	Canfield	Consumer Mortgage Coalition (CMC)	View Comment Email: N/A Attachment: View Attachment
08/01/11	Jeffrey D.	DeBoer	Real Estate Roundtable (RER)	View Comment Email: N/A Attachment: View Attachment
08/01/11	John F.	Kozlowski	Ohio Credit Union League (OCUL)	Carole D. McCallister. View Comment Email: N/A Attachment: View Attachment
08/01/11	J. Bradford	Johnson	Mortgage America, Inc.	View Comment Email: N/A Attachment: View Attachment
08/01/11	Olan O.	Jones, Jr.	Eastman Credit Union (ECU)	View Comment Email: N/A Attachment: View Attachment
08/01/11	Jon K.	Skarin	Massachusetts Bankers Association (MBA)	View Comment Email: N/A Attachment: View Attachment
08/01/11	David H.	Katkov	PMI Mortgage Insurance Company	View Comment Email: N/A Attachment: View Attachment
08/01/11	Jefferson	Duarte	Jones Graduate School of Business, Rice University	View Comment Email: N/A Attachment: View Attachment
08/01/11	Chris J.	Katopis	Association of Mortgage Investors (AMI)	View Comment Email: N/A Attachment: View Attachment
08/01/11	Joanne R.	Whiting	Wisconsin Credit Union League	View Comment Email: N/A Attachment: View Attachment
08/01/11	Chip	Halbach	Minnesota Housing Partnership (MHP)	View Comment Email: N/A Attachment: View Attachment
08/01/11	Scott	Lynch	National Lumber and Building Material Dealers Association (NLBMDA)	View Comment Email: N/A Attachment: View Attachment
08/01/11	Patrick	La Pine	League of Southeastern Credit Unions (LSCU)	View Comment Email: N/A Attachment: View Attachment
08/01/11			Mortgage Insurance Companies of America (MICA)	View Comment Email: N/A Attachment: View Attachment
08/01/11	Peter	Bell	National Reverse Lenders Association (NRMLA)	View Comment Email: N/A Attachment: View Attachment
08/01/11	Kenneth L.	Miller	Bank of America	View Comment Email: N/A Attachment: View Attachment

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