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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
06/13/11	Kevin	Parra	California Mortgage Bankers Association (CMBA)	View Comment Email: N/A Attachment: View Attachment
06/13/11	Christopher	George	California Mortgage Bankers Association (CMBA)	View Comment Email: N/A Attachment: View Attachment
06/13/11	Michael	Pfeifer	California Mortgage Bankers Association (CMBA)	View Comment Email: N/A Attachment: View Attachment
06/13/11	Steve	Hops	California Mortgage Bankers Association (CMBA)	View Comment Email: N/A Attachment: View Attachment
06/13/11	Art	Shafer	California Mortgage Bankers Association (CMBA)	View Comment Email: N/A Attachment: View Attachment
06/13/11	Buck	Hawkins	California Mortgage Bankers Association (CMBA)	View Comment Email: N/A Attachment: View Attachment
06/13/11	Howard W.	Hanna III	Howard Hanna Mortgage Services	View Comment Email: N/A Attachment: View Attachment
06/13/11	Jeffrey A.	Perlowitz	Citigroup Global Markets, Inc.	Myongsu Kong. View Comment Email: N/A Attachment: View Attachment
06/13/11	James J.	Sullivan	Prudential Investment Management Inc. (PIM)	View Comment Email: N/A Attachment: View Attachment
06/13/11	John F.	Kerry	N/A	View Comment Email: N/A Attachment: View Attachment
06/10/11	Christopher B.	Killian	Securities Industry and Financial Markets Association (SIFMA)	View Comment Email: N/A Attachment: View Attachment
06/10/11			American Securitization Forum (ASF)	View Comment Email: N/A Attachment: View Attachment
06/10/11	Eva J.	Sleeper	N/A	View Comment Email: N/A Attachment: View Attachment
06/10/11	Scott	Andrew	Marshall & Swift	View Comment Email: N/A Attachment: View Attachment
06/10/11	Mark	Page	City of New York, Office of Management and Budget	View Comment Email: N/A Attachment: View Attachment
06/10/11	Joyce	Dillard	N/A	View Comment Email: N/A Attachment: View Attachment
06/10/11	Timothy W.	Cameron	Securities Industry and Financial Markets Association (SIFMA)	View Comment Email: N/A Attachment: View Attachment
06/10/11			White & Case, LLP	View Comment Email: N/A Attachment: View Attachment
06/09/11	Mike	Hart	Primary Capital Mortgage	View Comment Email: N/A Attachment: View Attachment
06/08/11			Japanese Bankers Association (JBA)	View Comment Email: N/A Attachment: View Attachment
06/08/11	Julieann M.	Thurlow	Reading Co-operative Bank	View Comment Email: N/A Attachment: View Attachment
06/06/11	Judith A.	Kennedy	National Association of Affordable Housing Lenders (NAAHL)	View Comment Email: N/A Attachment: View Attachment
06/06/11	Andrew	Davidson	Andrew Davidson & Company, Inc.	View Comment Email: N/A Attachment: View Attachment
06/06/11	Susan F.	Dewey	Virginia Housing Development Authority (VHDA)	View Comment Email: N/A Attachment: View Attachment
06/02/11	Laurie	Goodman	Amherst Securities Group, LP	View Comment Email: N/A Attachment: View Attachment
06/01/11			Center for Responsible Lending	Consumer Federation of America; National Community Reinvestment Coalit… Email: N/A Attachment: View Attachment
05/31/11	David S.	Addington	The Heritage Foundation	View Comment Email: N/A Attachment: View Attachment
05/31/11			LNR Property, LLC	Federal Housing Finance Agency (FHFA). View Comment Email: N/A Attachment: View Attachment
05/31/11	John	Campbell	N/A	View Comment Email: N/A Attachment: View Attachment
05/27/11	Rick	Bialobrzeski	GreenPath, Inc.	View Comment Email: N/A Attachment: View Attachment
05/27/11	K. Terrence	Wakefield	The Wakefield Company, LLC	View Comment Email: N/A Attachment: View Attachment
05/26/11	Bram	Smith	The Loan Syndications and Trading Association (LSTA)	View Comment Email: N/A Attachment: View Attachment
05/26/11	Peter J.	Visclosky	N/A	View Comment Email: N/A Attachment: View Attachment
05/26/11	Mary L.	Landrieu	N/A	Kay R. Hagan; Johnny Isakson. View Comment Email: N/A Attachment: View Attachment
05/18/11	Charles W.	Proctor, III	National Association of Independent Land Title Agents (NAILTA)	View Comment Email: N/A Attachment: View Attachment
05/16/11	Rose A.	Zitiello	City of Cleveland Deparment of Community Development	View Comment Email: N/A Attachment: View Attachment
05/10/11			PNC Financial Services Group/PNC Mortgage	Federal Housing Finance Agency (FHFA). View Comment Email: N/A Attachment: View Attachment
05/10/11			Redwood Trust	Federal Housing Finance Agency (FHFA). View Comment Email: N/A Attachment: View Attachment
05/09/11	David A.	Levine	N/A	View Comment Email: N/A Attachment: View Attachment
05/06/11			Home Equity Securities, LLC (HES)	Federal Housing Finance Agency (FHFA). View Comment Email: N/A Attachment: View Attachment
05/05/11			Bank of America (BoA)	Federal Housing Finance Agency (FHFA). View Comment Email: N/A Attachment: View Attachment
05/04/11	Martin	Heilweil	N/A	View Comment Email: N/A Attachment: View Attachment
04/25/11	Unknown		CMBS Investor and Former Wall Street Employee	View Comment Email: N/A Attachment: View Attachment
04/21/11	Richard A.	Dorfman	Securities Industry and Financial Markets Association (SIFMA)	View Comment Email: N/A Attachment: View Attachment
04/20/11	Mark	Vinciguerra	Northern Ohio Investment Company (NOIC)	View Comment Email: N/A Attachment: View Attachment
04/15/11	Sherri	O'Callaghan	Nebraska Mortgage Association	View Comment Email: N/A Attachment: View Attachment
04/15/11	Barney	Frank	N/A	Carolyn B. Maloney; Maxine Waters; Melvin L. Watt; Brad Miller; Luis V… Email: N/A Attachment: View Attachment
04/15/11	Tom	Price, M.D.	N/A	View Comment Email: N/A Attachment: View Attachment
04/14/11	Patrick	Bates	N/A	View Comment Email: N/A Attachment: View Attachment
04/04/11	James	Constable	N/A	View Comment Email: N/A Attachment: View Attachment

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