Credit Risk Retention-Notification of Extension of Review Period

Document 2021-15424 is a Proposed Rule published by the Federal Reserve System in the Federal Register on July 22, 2021. The OCC, Board, FDIC, Commission, FHFA, and HUD (the agencies) are providing notice of the extension of the period for the review, and publication of determination of the review, of the definition of qualified residential mortgage; the community-focused residential mortgage exemption; and the exemption for qualifying three-to-four unit residential mortgage loans, in each case as currently set forth in the Credit Risk Retention Regulations (as defined below) as adopted by the agencies. View the original at https://www.federalregister.gov/documents/2021/07/22/2021-15424/credit-risk-retention-notification-of-extension-of-review-period.

No. Document 2021-15424 is not classified as economically significant under Executive Order 12866. Economically significant rules require OIRA review and are estimated to have impacts of $100 million or more per year.