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Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Capital Maintenance; Capital-Residential Mortgage Loans Modified Pursuant to the Making Home Affordable Program; Correcting Amendment

Document ID: OCC-2009-0007-0007
Document Type: Rule
Agency: Comptroller Of The Currency
Topics: Administrative Practices and Procedures, Banks and Banking, Capital, National Banks, Reporting and Recordkeeping Requirements, Risk
Federal Register Number: E9-16882
CFR Citation: 12 CFR 3
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Details Information

Abstract: On June 30, 2009, the Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and the Office of Thrift Supervision issued an interim final rule providing that mortgage loans modified under the Making Home Affordable Program (Program) will retain the risk weight assigned to the loan prior to the modification, so long as the loan continues to meet other applicable prudential criteria. Due to a drafting error, a portion of the OCC's existing capital rule was inadvertently removed. This rule reinstates this text.
Document Subtype: Final Rule
Received Date: July 16 2009, at 10:10 AM Eastern Daylight Time
Start-End Page: 34499 - 34500
Comment Start Date: July 16 2009, at 12:00 AM Eastern Standard Time

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