Credit Risk Retention-Notification of Determination of Review

Document 2021-27561 is a Final Rule published by the Department of Housing and Urban Development in the Federal Register on December 20, 2021. The OCC, Board, FDIC, Commission, FHFA, and HUD (the agencies) are providing notice of the determination of the results 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. After completing the review, the agencies have determined not to propose any change at this time to the definition of qualified residential mortgage, the community-focused residential mortgage exemption, or the exemption for qualifying three- to-four unit residential mortgage loans. View the original at https://www.federalregister.gov/documents/2021/12/20/2021-27561/credit-risk-retention-notification-of-determination-of-review.

No. Document 2021-27561 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.