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NCUA RIN: 3133-AF26 Publication ID: Spring 2021 
Title: Mortgage Servicing Rights 
Abstract:

The NCUA Board (Board) issued a proposed rule to amend its investment regulation to permit federal credit unions (FCUs) to purchase mortgage servicing rights from other federally insured credit unions under certain conditions.  Under the proposed rule, eligible FCUs are authorized to purchase the mortgage servicing rights of loans that the FCU is otherwise empowered to grant, provided these investments are consistent with safety and soundness and made in accordance with the FCU’s policies and procedures that address the risk of these investments and servicing practices. The comment period closed on February 1, 2021.  The Board is reviewing the public comments.

 
Agency: National Credit Union Administration(NCUA)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 703    12 CFR 721   
Legal Authority: 12 U.S.C. 1757(14)    12 U.S.C. 1757(17)    12 U.S.C. 1766    12 U.S.C. 1789   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  12/31/2020  85 FR 86867   
NPRM Comment Period End  02/01/2021 
Final Action  06/00/2021 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: https://www.ncua.gov/regulation-supervision/rules-regulations/proposed-pending-recently-final-regulations/recent-final-interim-final  
RIN Data Printed in the FR: No 
Agency Contact:
Ian Marenna
Associate General Counsel
National Credit Union Administration
1775 Duke Street,
Alexandria, VA 22314
Phone:703 518-6554
Fax:703 518-6569
Email: imarenna@ncua.gov