Mortgage Servicing Rights

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:

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