NAR Comment Letter to the FDIC, OCC, and Fed Regarding the Basel III Endgame Rulemaking Proposal

Issue Date: January 16, 2024

NAR writes to the Federal Reserve, Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation regarding the amendments to joint agency bank capital standards, also known as Basel III Endgame. NAR opposes much of the proposal, highlighting the lack of statistical evidence in the regulation, the potential impact on low- and moderate-income borrowers and minority communities, and other issues, including the unintended impact on lenders relying on warehouse funding and the changes to the risk-weights for mortgage servicing rights.