The Mortgage Bankers Association June 18 submitted a comment letter to the Federal Reserve, Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency, recommending improvements to the Basel III re-proposal.
Tag: Office of the Comptroller of the Currency
MBA Opposes Proposed Rulemaking Implementing Basel III Endgame and Making Changes to Capital Requirements for Banks
The Mortgage Bankers Association strongly urged federal policymakers to vote against a proposed Notice of Proposed Rulemaking implementing the Basel III “endgame” rule, which is set for consideration on July 27.
The rule is expected to impose a 15 to 20 percent increase in capital requirements for larger institutions.
Federal Agencies Allow Member Banks to Postpone Appraisals for 120 Days
Three federal agencies this week announced a rule change allowing its member banks to postpone an appraisal on a residential or commercial property for 120 days after the loan is closed.
Federal Agencies Issue Final Rule to Mitigate CECL Effects
Three federal agencies on Friday announced actions to allow banking organizations to continue lending to households and businesses: providing an optional extension of the regulatory capital transition for the new credit loss accounting standard; and allowing early adoption of a new methodology on how certain banking organizations are required to measure counterparty credit risk derivatives contracts.