NCSHA Comment Letter to Federal Banking Regulators on Modified Bank Capital Standards
On January 16, 2024, NCSHA commented on a July 27, 2023, Notice of Proposed Rulemaking (NPR) issued by federal banking regulatory agencies — the Federal Reserve, Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency — modifying the bank capital standards for large banks. In the letter, NCSHA opposed provisions in the NPR that would increase bank capital standards for all high loan-to-value home purchase mortgages and tighten capital rules for mortgage servicing rights. NCSHA also urged regulators to reduce the amount of capital large banks are required to hold for Housing Bond investments and affordable housing properties financed by the Housing Credit.
