Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Capital Maintenance; Capital-Residential Mortgage Loans Modified Pursuant to the Home Affordable Mortgage Program
other · OCC · Rule · Published 2009-11-20 · Effective 2009-12-21 · 74 FR 60137
Document
Document number
E9-27776
Federal Register citation
74 FR 60137
CFR reference
12 CFR 3
Type
Rule
Action
Final rule.
Category
other
Sub-agency
OCC
Publication date
2009-11-20
Effective date
2009-12-21
Treasury docket
Docket ID OCC-2009-0018
Abstract
The agencies have adopted a final rule to allow banks, savings associations, and bank holding companies (collectively, banking organizations) to risk weight for purposes of the agencies' capital guidelines mortgage loans modified pursuant to the Home Affordable Mortgage Program (Program) implemented by the U.S. Department of the Treasury (Treasury) with the same risk weight assigned to the loan prior to the modification so long as the loan continues to meet other applicable prudential criteria.