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FHFA RIN: 2590-AA40 Publication ID: Spring 2011 
Title: ●Alternatives to Use of Credit Ratings in Regulations 
Abstract: The Notice(s) of Proposed Rulemaking will propose changes to regulations applicable to the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation and the Federal Home Loan Banks to remove references to, or requirements based on, credit ratings issued by nationally recognized statistical rating organizations (NRSROs). The rulemaking(s) will also propose new credit worthiness standards, not based on NRSRO ratings, to replace these references or requirements. The action is being undertaken in response to requirements in section 939A of the Dodd-Frank Wall Street Reform and Consumer Protection Act. 
Agency: Federal Housing Finance Agency(FHFA)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 12 CFR 932    12 CFR 955 and 956    12 CFR 966    12 CFR 1269 and 1273    12 CFR 1720    12 CFR 1750   
Legal Authority: 12 USC 4526    12 USC 4511(b)   
Legal Deadline:
Action Source Description Date
Final  Statutory    07/21/2011 
Timetable:
Action Date FR Cite
ANPRM  01/31/2011  76 FR 5292   
ANPRM Comment Period End  03/17/2011    
NPRM  06/00/2011    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: www.regulations.gov   Public Comment URL: www.regulations.gov; e-mail regcomments@fhfa.gov  
RIN Data Printed in the FR: No 
Agency Contact:
Thomas E. Joseph
Senior Attorney Advisor
Federal Housing Finance Agency
400 Seventh Street SW.,
Washington, DC 20219
Phone:202 649-3076
TDD Phone:800 877-8339
Email: thomas.joseph@fhfa.gov