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HUD/HUDSEC RIN: 2501-AD53 Publication ID: Fall 2015 
Title: Credit Risk Retention (FR-5504) 
Abstract:

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."

 
Agency: Department of Housing and Urban Development(HUD)  Priority: Economically Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: Yes  Unfunded Mandates: No 
CFR Citation: 24 CFR 267   
Legal Authority: 15 U.S.C. 78–o–11    42 U.S.C. 3535(d)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  04/29/2011  76 FR 24090   
NPRM Comment Period End  06/10/2011    
Final Action  12/24/2014  79 FR 77602   
Final Action Effective  02/23/2015 
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 
Related RINs: Related to 2590-AA43, Related to 1557-AD40, Related to 7100-AD70, Related to 3235-AK96, Related to 3064-AD74  Related Agencies: Joint: TREAS/OCC, FRS, FHFA, FDIC, SEC; 
Agency Contact:
Richard K. Green
Senior Advisor for Housing Finance, Office of Policy Development and Research
Department of Housing and Urban Development
451 7th Street SW,
Washington, DC 20410
Phone:202 708-1600