On November 14, 2017, the U.S. Commodity Futures Trading Commission’s Division (“CFTC“) of Market Oversight extended time-limited no-action relief to swap execution facilities (“SEFs“) from certain requirements under the...more
On November 14, 2017, DBRS published its global methodology for rating finance companies. Release.
On November 14, 2017, Fitch updated its U.S. RMBS seasoned, re-performing, and nonperforming loan criteria. Release....more
On October 16, the SEC Division of Investment Management granted no-action relief in response to a request by Orrick on behalf of Redwood Trust. The Redwood request and the SEC staff response impact the way in which...more
10/25/2017
/ Division of Investment Management ,
Fannie Mae ,
FHFA ,
Freddie Mac ,
GSE ,
Investment ,
Investment Company Act of 1940 ,
Mortgage REITS ,
Mortgages ,
No-Action Letters ,
Real Estate Market ,
Securities and Exchange Commission (SEC) ,
Transfer of Interest
On October 16, the SEC Division of Investment Management granted no-action relief in response to a request by Orrick on behalf of Redwood Trust. The Redwood request and the SEC staff response impact the way in which...more
10/23/2017
/ Division of Investment Management ,
Fannie Mae ,
FHFA ,
Freddie Mac ,
GSE ,
Investment ,
Investment Company Act of 1940 ,
Mortgage REITS ,
Mortgages ,
No-Action Letters ,
Real Estate Market ,
Securities and Exchange Commission (SEC) ,
Transfer of Interest
On March 29, 2017, Moody’s published its approach to assessing credit risk for multilateral development banks and other supranational entities. Report.
On March 28, 2017, DBRS published its methodology for rating...more
On March 24, 2017, the Consumer Financial Protection Bureau (“CFPB“) released a proposal to amend Equal Credit Opportunity Act regulations. The proposal would provide flexibility for lenders in collecting information about...more
All 34 Republican members of the Financial Services Committee of the U.S. House of Representatives, including Chairman Jeb Hensarling (Tex. – R) and Vice Chairman Patrick McHenry (N.C. – R), in a letter dated March 10, 2017,...more
On January 31, 2017, Moody’s updated its U.S. RMBS surveillance methodology. Report.
On January 31, 2017, Moody’s updated its rating methodology for rated issuers in the telecommunications service provider industry...more
On January 27, 2017, the Office of the Comptroller of the Currency (the “OCC“) published a final rule amending its rules of practice and procedure for national banks and in adjudicatory proceedings for federal savings...more
On January 31, 2017, the Federal Reserve Board (the “Board“) adopted a final rule that revises the capital plan and stress test rules for (i) bank holding companies with $50 billion or more in total consolidated assets and...more
On January 3, 2017, the Office of the Comptroller of the Currency (the “OCC“) finalized a rule that prohibits national banks and federal savings associations from dealing or investing in industrial or commercial metals. An...more
On December 29, 2016, the Office of the Comptroller of the Currency, the Federal Reserve System and the Federal Deposit Insurance Corporation amended their Community Reinvestment Act (CRA) regulations to adjust the asset-size...more
On January 4, 2017, KBRA updated its methodology for rating Single-Family Rental (SFR) securitizations. Report. On January 4, 2017, KBRA updated its methodology for rating U.S. CMBS multi-borrower securitizations. Report....more
On December 12, 2016, the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) finalized rules that generally allow well-capitalized and well-managed...more
On December 13, 2016, the Federal Housing Finance Agency (FHFA) issued a final rule implementing the Duty to Serve provisions mandated by the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended...more
On December 14, 2016, Fitch published its rating criteria for debt issued by airports. Report. On December 12, 2016, DBRS released its methodology for rating project finance. Report. On December 12, 2016, DBRS released its...more
On November 30, 2016, the U.S. Commodity Futures Trading Commission‘s Division of Swap Dealer and Intermediary Oversight provided no-action relief to futures commission merchants (FCMs) and introducing brokers (IBs), allowing...more
On November 30, 2016, Fitch published its U.S. water and sewer revenue bond rating criteria. Report.
On November 29, 2016, Fitch published its rating criteria for RMBS transactions in Europe, Middle East and Africa...more
On October 3, 2016, the Office of the Comptroller of the Currency proposed a rule to enhance the resilience of federally chartered and licensed financial institutions. The proposed rule addresses concerns relating to the...more
On October 4, 2016, Moody’s published its approach to rating revenue bonds of U.S. municipal Joint Action Agencies (JAA). Report. On October 3, 2016, DBRS published derivative criteria for European structured finance...more
On October 5, 2016, the Consumer Financial Protection Bureau (the “CFPB”) finalized comprehensive consumer protections for prepaid account users that require, among other things, financial institutions to limit consumer...more
On October 3, 2016, the Office of the Comptroller of the Currency proposed a rule to enhance the resilience of federally chartered and licensed financial institutions. The proposed rule addresses concerns relating to the...more
On September 29, 2016, the Office of the Comptroller of the Currency (the “OCC”) published final guidelines establishing enforceable standards for recovery planning. The final guidelines generally apply to banks with average...more
On October 5, 2016, the Office of the Comptroller of the Currency (the “OCC”) issued risk management guidance that addresses periodic reevaluations of risks associated with foreign correspondent banking accounts. The guidance...more
On September 1, 2016, the U.S. Commodity Futures Trading Commission’s (“CFTC”) Division of Swap Dealer and Intermediary Oversight announced that it “issued a time-limited, no-action letter stating that it will not recommend...more