Credit Risk Retention

Docket ID: HUD-2011-0056
Agency: Department of Housing and Urban Development (HUD)
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." This rule proposes a definition of "qualified residential mortgage."
RIN: 2501-AD53
Impacts and Effects: None
CFR Citation: 24 CFR 267
Priority: Economically Significant
UA and Regulatory Plan Information open glossary dialog  
Publication Period: Fall 2011
Agenda Stage of Rulemaking: Final Rule
Major Rule: Yes
Legal Authorities: Not Yet Determined
Legal Deadlines: None
Government Levels Affected: No
Federalism Implications: No
Unfunded Mandates: No
Requires Regulatory Flexibility Analysis: No
Small Entities Affected: No
International Impacts: No
Energy Effects: No
Included in Regulatory Plan: No
ActionDateFR Citation
NPRM04/29/201176 FR 24090
NPRM Comment Period End06/10/2011
Final Action05/00/2012
Docket Details open glossary dialog  
Related RINs: None
Related Dockets: None
Type: Rulemaking

Primary Documents

View All  (2)
Comment Period Closed
Aug 01, 2011 11:59 PM ET
Proposed Rule
Posted: 04/29/2011
ID: HUD-2011-0056-0001
Comment Period Closed
Proposed Rule
Posted: 06/10/2011
ID: HUD-2011-0056-0019

Supporting Documents

No documents available.


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Comments Received*
Regulatory Timeline
Pre Rule
Current Stage
Proposed Rule
Current Stage
Final Rule
Current Stage
Agency Contact
Robert C. Ryan
202 402-5216
451 7th Street SW.
Washington, DC 20410
*This count refers to the total comment/submissions received on this docket, as of 11:59 PM yesterday. Note: Agencies review all submissions, however some agencies may choose to redact, or withhold, certain submissions (or portions thereof) such as those containing private or proprietary information, inappropriate language, or duplicate/near duplicate examples of a mass-mail campaign. This can result in discrepancies between this count and those displayed when conducting searches on the Public Submission document type. For specific information about an agency’s public submission policy, refer to its website or the Federal Register document.