The SEC, the Federal Reserve Board, the OCC, the Department of Housing and Urban Development, the FDIC and the Federal Housing Finance Agency reassessed several provisions of the Credit Risk Retention Regulation and decided not to propose any changes at this time.
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The Structured Finance Association urged the Treasury Department "to avoid the potentially destructive effects" of pushing Fannie Mae and Freddie Mac out from under conservatorship prematurely.
The Federal Reserve Bank of New York updated its FAQ on borrower and collateral eligibility for the Term Asset-Backed Securities Loan Facility.
The Federal Reserve Board provided additional information on borrower and collateral eligibility for the Term Asset-Backed Securities Loan Facility.
The Department of the Treasury and the Federal Housing Finance Agency agreed to modifications in Preferred Stock Purchase Agreements for Fannie Mae and Freddie Mac.