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HUD/HUDSEC

RIN: 2501-AD53

Publication ID: Spring 2011

Title: ●Credit Risk Retention--Definition of Qualified Residential Mortgage (FR-5504)
Abstract: 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." This rule proposes a definition of "qualified residential mortgage".
Agency: Department of Housing and Urban Development(HUD)	Priority: Economically Significant
RIN Status: First time published in the Unified Agenda	Agenda Stage of Rulemaking: Proposed Rule Stage
Major: Yes	Unfunded Mandates: No
CFR Citation: 24 CFR 267
Legal Authority: Not Yet Determined

Legal Deadline:  None

Timetable: Action Date FR Cite NPRM  12/00/2011

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Small Entities Affected: No	Federalism: No
Included in the Regulatory Plan: No
RIN Data Printed in the FR: No
Agency Contact: Robert C. Ryan Department of Housing and Urban Development Office of the Secretary 451 7th Street SW., Washington, DC 20410 Phone:202 402-5216