Regulatory Capital Standards : Interim Final Rule for Mortgages Modified Under the Making Home Affordable Program

Details

• Publisher's site:
  https://www.fdic.gov/
• Corporate Authors:
  Federal Deposit Insurance Corporation (FDIC)
• Description:
  On March 4, 2009, the U.S. Department of the Treasury announced guidelines under the Making Home Affordable Program (MHAP) to promote sustainable loan modifications for homeowners at risk of losing their homes due to foreclosure. The interim final rule clarifies that a banking organization may retain the risk weight assigned to a mortgage loan before the loan was modified under the MHAP following modification of the mortgage loan.
  
  The federal banking and thrift agencies are issuing the attached interim final rule, which will take effect when published in the Federal Register. Public comments must be submitted within 30 days after publication of the interim final rule in the Federal Register.
  
  
• Subject:
  Capital
• Dataset Download URL:
  fdic.gov/news/financial-institution-letters/2009/fil09036.html
• Format:
  PDF
• Release Date:
  06/26/2009
• Update Date:
  11/14/2018
• Withdrawn Date:
  12/01/2018
• Agencies Involved:
  Federal Deposit Insurance Corporation (FDIC) ; U.S. Department of the Treasury ; Office of the Comptroller of the Currency (OCC) ; Federal Reserve System ; Office of Thrift Supervision (OTS)
• Fdic Employee Involved:
  Ryan D. Sheller ; Mark Handzlik
• Related Regulation:
  12 CFR Part 325
• Comment Period End Date:
  07/30/2009
• Source:
  FDIC Website
• Memorandum To:
  FDIC-Supervised Banks (Commercial and Savings)
• FIL Number:
  FIL-36-2009
• Main Document Checksum:
  urn:sha-512:c7cf87ccfbaa686c5ab8a37c82b2501c361d58c25c09fe904b15405d53cbfd7d2ae7c893f8e9559b9fb0f000640396708718dbf4cfcc795976011a77478498b1
• Download URL:
  https://archive.fdic.gov/view/fdic/7220/fdic_7220_DS1.pdf
• File Type:
  [PDF - 1.29 MB ]