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FHFA | RIN: 2590-AA40 | Publication ID: Fall 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 (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), 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: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | 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 4511(b) 12 USC 4526 |
Legal Deadline:
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Timetable:
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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; www.fhfa.gov | Public Comment URL: www.regulations.gov; www.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 |