[Federal Register Volume 71, Number 133 (Wednesday, July 12, 2006)]
[Corrections]
[Pages 39399-39400]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: C6-5330]
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Office of Federal Housing Enterprise Oversight
12 CFR Part 1750
RIN 2550-AA35
Risk-Based Capital Regulation Amendment
Correction
In proposed rule document 06-5330 beginning on page 36231 in the
issue of Monday, June 26, 2006, make the following corrections:
1. On pages 36235 and 36236, Table 3-4 is being reprinted in its
entirety to read as follows:
Table 3-4.--Additional Multifamily Loan Classification Variables
----------------------------------------------------------------------------------------------------------------
Variable Description Range
----------------------------------------------------------------------------------------------------------------
Multifamily Product Code Identifies the mortgage product Fixed Rate Fully Amortizing
types for multifamily loans Adjustable Rate Fully Amortizing
5 Year Fixed Rate Balloon
7 Year Fixed Rate Balloon
10 Year Fixed Rate Balloon
15 Year Fixed Rate Balloon
Balloon ARM
Other
----------------------------------------------------------------------------------------------------------------
New Book Flag ``New Book'' is applied to Fannie New Book
Mae loans acquired beginning in Old Book
1988 and Freddie Mac loans acquired
beginning in 1993, except for loans
that were refinanced to avoid a
default on a loan originated or
acquired earlier
----------------------------------------------------------------------------------------------------------------
Ratio Update Flag Indicates if the LTV and DCR were Yes
updated at origination or at No
Enterprise acquisition
----------------------------------------------------------------------------------------------------------------
Current DCR Assigned classes for the Debt DCR<1.00 service="" coverage="" ratio="" based="" on="" the=""><><1.10 most="" recent="" annual="" operating=""><><1.20 statement=""><><1.30><><1.40><><1.50><><1.60><><1.70><><1.80><><1.90><><2.00><><2.50><><4.00 dcr="">=4.00
----------------------------------------------------------------------------------------------------------------
Prepayment Penalty Flag Indicates if prepayment of the loan Yes
is subject to active prepayment No
penalties or yield maintenance
provisions
----------------------------------------------------------------------------------------------------------------
[[Page 39400]]
2. On pages 36245 and 36246, Table 3-32 is being reprinted in its
entirety to read as follows:
Table 3-32--Loan Group Inputs for Mortgage Amortization Calculation
----------------------------------------------------------------------------------------------------------------
Variable* Description Source
----------------------------------------------------------------------------------------------------------------
Rate Type (Fixed or Adjustable) RBC Report
----------------------------------------------------------------------------------------------------------------
Product Type (30/20/15-Year FRM, ARM, RBC Report
Balloon, Government, etc.)
----------------------------------------------------------------------------------------------------------------
UPBORIG Unpaid Principal Balance at Origination RBC Report
(aggregate for Loan Group)
----------------------------------------------------------------------------------------------------------------
UPB0 Unpaid Principal Balance at start of Stress RBC Report
Test (aggregate for Loan Group)
----------------------------------------------------------------------------------------------------------------
MIR0 Mortgage Interest Rate for the Mortgage RBC Report
Payment prior to the start of the Stress
Test, or Initial Mortgage Interest Rate for
new loans (weighted average for Loan Group)
(expressed as a decimal per annum)
----------------------------------------------------------------------------------------------------------------
PMT0 Amount of the Mortgage Payment (Principal and RBC Report
Interest) prior to the start of the Stress
Test, or first payment for new loans
(aggregate for Loan Group)
----------------------------------------------------------------------------------------------------------------
AT Original loan Amortizing Term in months RBC Report
(weighted average for Loan Group)
----------------------------------------------------------------------------------------------------------------
RM Remaining term to Maturity in months (i.e., RBC Report
number of contractual payments due between
the start of the Stress Test and the
contractual maturity date of the loan)
(weighted average for Loan Group)
----------------------------------------------------------------------------------------------------------------
A0 Age immediately prior to the start of the RBC Report
Stress Test, in months (weighted average for
Loan Group)
----------------------------------------------------------------------------------------------------------------
Interest-only Flag RBC Report
----------------------------------------------------------------------------------------------------------------
RIOP Remaining Interest-only period, in months RBC Report
(weighted average for loan group)
----------------------------------------------------------------------------------------------------------------
Additional Interest Rate Inputs
----------------------------------------------------------------------------------------------------------------
GFR Guarantee Fee Rate (weighted average for Loan RBC Report
Group) (decimal per annum)
----------------------------------------------------------------------------------------------------------------
SFR Servicing Fee Rate (weighted average for Loan RBC Report
Group) (decimal per annum)
----------------------------------------------------------------------------------------------------------------
Additional Inputs for ARMs (weighted averages for Loan Group, except for Index)
----------------------------------------------------------------------------------------------------------------
INDEXm Monthly values of the contractual Interest section 3.3, Interest Rates
Rate Index
----------------------------------------------------------------------------------------------------------------
LB Look-Back period, in months RBC Report
----------------------------------------------------------------------------------------------------------------
MARGIN Loan Margin (over index), decimal per annum RBC Report
----------------------------------------------------------------------------------------------------------------
RRP Rate Reset Period, in months RBC Report
----------------------------------------------------------------------------------------------------------------
Rate Reset Limit (up and down), decimal per RBC Report
annum
----------------------------------------------------------------------------------------------------------------
Maximum Rate (life cap), decimal per annum RBC Report
----------------------------------------------------------------------------------------------------------------
Minimum Rate (life floor), decimal per annum RBC Report
----------------------------------------------------------------------------------------------------------------
NAC Negative Amortization Cap, decimal fraction RBC Report
of UPBORIG
----------------------------------------------------------------------------------------------------------------
Unlimited Payment Reset Period, in months RBC Report
----------------------------------------------------------------------------------------------------------------
PRP Payment Reset Period, in months RBC Report
----------------------------------------------------------------------------------------------------------------
Payment Reset Limit, as decimal fraction of RBC Report
prior payment
----------------------------------------------------------------------------------------------------------------
IRP Initial Rate Period, in months RBC Report
----------------------------------------------------------------------------------------------------------------
*Variable name is given when used in an equation
[FR Doc. C6-5330 Filed 7-11-06; 8:45 am]
BILLING CODE 1505-01-D
