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Volume 2014 - Number 45

November 26, 2014

Lenders Urge Federal Banking Regulators to Restore 100% Risk-Weighting for MSR, Call for Other Changes

Financial services trade groups called upon federal banking regulators to reinstate the 100 percent risk-weighting for mortgage servicing rights and to implement other changes as they move forward with the new Basel III risk-based capital rules. In a recent joint letter to bank regulatory agencies, the Mortgage Bankers Association, the American Bankers Association and the Independent Community Bankers of America warned that inaction could seriously affect the availability and cost of mortgages to consumers. The trade groups believe...

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