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Credit Risk Retention-Notice of Commencement of Review

Notice Details
Type
Notice
Number
2019-N-7
Group
Fannie Mae
Freddie Mac
FHL Banks
Document Number
2019-27490
Federal Register Publish Date
12/20/2019
Federal Register Citation
84 FR 70073
PDF Format
Comment Status
Closed
Comment Open Date
12/20/2019
Comment End Date
02/03/2020
CFR
12 CFR 1234

Credit Risk Retention-Notice of Commencement of Review

Contact Information

​FOR FURTHER INFORMATION CONTACT: Ron Sugarman, Principal Policy Analyst, Office of Policy Analysis and Research, (202) 649-3208, Ron.Sugarman@fhfa.gov, or Peggy K. Balsawer, Associate General Counsel, Office of General Counsel, (202) 649-3060, Peggy.Balsawer@fhfa.gov, Federal Housing Finance Agency, Constitution Center, 400 7th Street SW, Washington, DC 20219. 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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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

SUMMARY: The OCC, Board, FDIC, Commission, FHFA, and HUD (the agencies) are providing notice of the commencement of the review of the definition of qualified residential mortgage; the community-focused residential mortgage exemption; and the exemption for qualifying three-to-four unit residential mortgage loans, in each case as currently set forth in the Credit Risk Retention Regulations (as defined below) as adopted by the agencies.

DATES: Comments on the review must be received by February 3, 2020. Interested parties are encouraged to submit written comments jointly to all of the agencies and use the title ``QRM review'' to facilitate the organization and distribution of comments among the agencies.