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OCCRulemakingOCC-2011-0002

Credit Risk Retention by Securitizers

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Jul 30, 2013
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closed 5475d ago
Mortgage Bankers Association filings
3

Activity

Mortgage Bankers Association filed 3 comments on this docket between May 16, 2011 and Jul 26, 2011. 117 other organizations filed here. The comment window closed 5475d ago.

What Mortgage Bankers Association filed (3)

Jul 26, 2011· Mortgage Bankers Association of Georgia President· OCC-2011-0002-0167

Filed on regulations.gov — full text not in the inline record.

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May 16, 2011· Mortgage Bankers Association, Community Organizations, and other Financial Services Groups· OCC-2011-0002-0009

Filed on regulations.gov — full text not in the inline record.

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Abstract

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.

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Co-filers (117)

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