Mortgage Servicing Rights

January 13, 2021 NCUA, Regulation lookup 0

Title:	Mortgage Servicing Rights
Subject:	Investments
Agency:	NCUA
Status:	Proposed rule
Summary:	The NCUA Board (Board) proposes 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 may 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.
FR Doc:	2020-28278
Date proposed:	Dec. 22, 2020
Comments due date:	Feb. 1, 2021
Effective date:
Rule compliance date:
Agency release:
Related Reg Report item(s):	Credit union regulator extends loan participations temporary rule, issues trio of proposals, sets savings insurance fund operating level

Acting comptroller reiterates: Regulators will brook no new LIBOR exposures after year-end – ‘and we mean it’

October 26, 2021 0

Anyone in banking who thinks some form of LIBOR will remain available as a reference rate despite its scheduled expiration has another thing coming, the chief of the Office of the Comptroller of the Currency (OCC) indicated Tuesday. “Let’s face [...]
Role seen for federal regulators in supervising crypto assets with ‘well-tailored government oversight’

October 26, 2021 0

A series of policy statements on crypto assets activities by banks is forthcoming from federal banking regulators, the leader of the federal bank deposit insurance fund indicated Monday, as the agencies coordinate policies on how banks can engage in the [...]
CFPB adjusts TILA dollar amounts for 2022: open-end credit, cards, mortgages

October 26, 2021 0

Many of the dollar amounts that serve as thresholds for Truth-in-Lending Act (TILA) requirements, implemented by Regulation Z, on open-end credit and mortgages are set to rise as of Jan. 1, 2022, according to a notice soon to be published [...]
Credit union regulator board members to lead DEI sessions

October 26, 2021 0

Three town halls will be led by a member of the federal credit union regulator’s board at the diversity, equity and inclusion (DEI) conference set for three days next week, the agency said Tuesday. National Credit Union Administration (NCUA) Board [...]
FAQs look at request for comments on proposal to rescind 2020 CRA rule re-write

October 26, 2021 0

Got questions about the national bank regulator’s request for comments about its proposal to rescind 2020 anti-redlining rules? The regulator has some answers – to frequently asked questions (FAQs) it has received, the agency said Tuesday. The Office of the [...]
Underrepresented groups’ participation in economy topic for two Fed conferences next month

October 26, 2021 0

The experiences that underrepresented groups have as they participate in the economy, the economics profession, central banking, and finance will be the focus of a series of diversity and inclusion conferences next month hosted by the Federal Reserve, the agency [...]

Related