NAR sent a letter to the Federal Reserve, Office of the Comptroller of the Currency, and Fedearl Deposit Insurance Corporation comments on problematic residential mortgage provisions included in the Basel III proposed rule. The letter request that the Agencies (Fed, OCC, and FDIC) eliminate the controversial mortgage provisions in any final Standardized Rule and maintain the far simpler and more straightforward approach to the risk-weighting of mortgages that is currently in place in bank capital requirements.
Coalition Comments: FED/OCC/FDIC on Eliminating Controversial Mortgage Provisions in Basel III
Issue Date: March 25, 2013
NAR sent a letter to the Federal Reserve, Office of the Comptroller of the Currency, and Fedearl Deposit Insurance Corporation comments on problematic residential mortgage provisions included in the Basel III proposed rule. The letter request that the Agencies (Fed, OCC, and FDIC) eliminate the controversial mortgage provisions in any final Standardized Rule and maintain the far simpler and more straightforward approach to the risk-weighting of mortgages that is currently in place in bank capital requirements.
Download the letter