Credit Risk Retention

65 organizations filed 86 public comments on Credit Risk Retention, at the Office of the Comptroller of the Currency. The comment window closed 4654d ago.

Abstract

The OCC, Board, FDIC, Commission, FHFA, and HUD (the agencies) are seeking comment on a joint proposed rule (the proposed rule, or the proposal) to revise the proposed rule the agencies published in the Federal Register on April 29, 2011, and 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 (Dodd-Frank Act). Section 15G generally requires the securitizer of asset-backed securities to retain not less than 5 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.

Commenters (65)

• Mortgage Bankers Associationtrade assoc.

  16 filings · confidence 97%
• AlaskaUSA Federal Credit Unionunverified attribution

  2 filings · confidence 70%
• Colorado Mortgage Lenders Associationtrade assoc.

  2 filings · confidence 85%
• Illinois Association of REALTORStrade assoc.

  2 filings · confidence 85%
• LLC et al.unverified attribution

  2 filings · confidence 70%
• Mid-Size Bank Coalition of Americatrade assoc.

  2 filings · confidence 85%
• Oregon Bankers Associationtrade assoc.

  2 filings · confidence 85%
• American Bankers Associationtrade assoc.

  1 filing · confidence 97%
• American Bar Associationtrade assoc.

  1 filing · confidence 85%
• American Council of Life Insurerstrade assoc.

  1 filing · confidence 85%
• American Enterprise Institutetrade assoc.

  1 filing · confidence 85%
• American Financial Services Associationtrade assoc.

  1 filing · confidence 85%
• American Financial Services Association & the Asian Real Estate Association of America et. altrade assoc.

  1 filing · confidence 85%
• American Society of Appraisers & National Association of Independent Fee Appraiserstrade assoc.

  1 filing · confidence 85%
• Bank of America Corporationunverified attribution

  1 filing · confidence 70%
• Center for Capital Markets Competitiveness & Private Equity Growth Capital Counciltrade assoc.

  1 filing · confidence 85%
• Coalition for Sensible Housing Policytrade assoc.

  1 filing · confidence 85%
• Committee on Capital Markets Regulationtrade assoc.

  1 filing · confidence 85%
• Community Associations Institutetrade assoc.

  1 filing · confidence 85%
• Consumer Bankers Associationtrade assoc.

  1 filing · confidence 85%
• Consumer Federation of Americatrade assoc.

  1 filing · confidence 85%
• Consumer Mortgage Coalition7trade assoc.

  1 filing · confidence 85%
• CRE Finance Counciltrade assoc.

  1 filing · confidence 85%
• CRE Finance Council (2)trade assoc.

  1 filing · confidence 85%
• CRE Finance Council (3)trade assoc.

  1 filing · confidence 85%
• Credit Union Association of New Yorktrade assoc.

  1 filing · confidence 85%
• Credit Union National Associationtrade assoc.

  1 filing · confidence 97%
• Education Finance Counciltrade assoc.

  1 filing · confidence 85%
• Hanscom Federal Credit Unionunverified attribution

  1 filing · confidence 70%
• Housing Assistance Counciltrade assoc.

  1 filing · confidence 85%
• Housing Partnership Networktrade assoc.

  1 filing · confidence 85%
• Indiana Credit Union Leaguetrade assoc.

  1 filing · confidence 85%
• International Association of Credit Portfolio Managerstrade assoc.

  1 filing · confidence 85%
• Invesco Ltd.unverified attribution

  1 filing · confidence 70%
• Investment Company Institutetrade assoc.

  1 filing · confidence 85%
• IPFS Corporationunverified attribution

  1 filing · confidence 70%
• IPFS Corporation (2)unverified attribution

  1 filing · confidence 70%
• LLP on behalf of Citibankunverified attribution

  1 filing · confidence 70%
• Loan Syndications and Trading Associationtrade assoc.

  1 filing · confidence 85%
• Loan Syndications and Trading Association (2)trade assoc.

  1 filing · confidence 85%
• Loan Syndications and Trading Association (3)trade assoc.

  1 filing · confidence 85%
• Maryland Association of Realtorstrade assoc.

  1 filing · confidence 85%
• Massachusetts Bankers Associationtrade assoc.

  1 filing · confidence 85%
• National Association of Home Builderstrade assoc.

  1 filing · confidence 97%
• National Association of REALTORStrade assoc.

  1 filing · confidence 85%
• National Community Reinvestment Coalitiontrade assoc.

  1 filing · confidence 85%
• National Council of Higher Education Resourcestrade assoc.

  1 filing · confidence 85%
• National Council of State Housing Agenciestrade assoc.

  1 filing · confidence 85%
• NATIONAL FAIR HOUSING ALLIANCEtrade assoc.

  1 filing · confidence 85%
• Neighborhood Houisng Services of New York City Inc.unverified attribution

  1 filing · confidence 70%
• New York Bankers Associationtrade assoc.

  1 filing · confidence 85%
• Ocwen Financial Corporationunverified attribution

  1 filing · confidence 70%
• Property Professionals of IL Midwest Div. LLCunverified attribution

  1 filing · confidence 70%
• Reading Co-operative Bankunverified attribution

  1 filing · confidence 70%
• SLM Corporationunverified attribution

  1 filing · confidence 70%
• The Coalition of U.S. Mortgage Insurance Companiestrade assoc.

  1 filing · confidence 85%
• The Greenlining Institutetrade assoc.

  1 filing · confidence 85%
• The Real Estate Roundtabletrade assoc.

  1 filing · confidence 85%
• The Urban Institutetrade assoc.

  1 filing · confidence 85%
• The Virginia Bankers Associationtrade assoc.

  1 filing · confidence 85%
• The Wisconsin Credit Union Leaguetrade assoc.

  1 filing · confidence 85%
• United Guaranty Corporationunverified attribution

  1 filing · confidence 70%
• Virginia Housing Coalitiontrade assoc.

  1 filing · confidence 85%
• Washington Mortgage Lenders Associationtrade assoc.

  1 filing · confidence 85%
• Wisconsin Bankers Associationtrade assoc.

  1 filing · confidence 97%