View Rule

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.