In case you missed the headline story in National Mortgage News Online, Basel III has been delayed by banking regulators -- which could mean absolutely nothing or a whole lot in regard to where the megabanks are headed in terms of mortgage servicing rights. As we’ve noted in past blog postings, there has been talk that Basel III might be killed entirely. In delaying the rule regulators (interestingly) gave no guidance on when a new date might be created. Readers of NMN know that Basel III caps MSRs (as an asset) at 10% to 15% of core capital from the current allowance of 100%. Does this mean that the MSR deconsolidation we’ve seen over the past year could reverse?
Basel III Delay: Kiss Mortgage Deconsolidation Goodbye?
NOV 9, 2012 12:21pm ET
You must be registered to post a comment. Click here to register.
Already registered? Log in here
- Fannie Mae to Trigger 'Seismic Event' for Underwriting
- Wells Fargo Scandal Exposes Need for Bank Loan Officer Licensing
- FHA Opens Door for 'Spot Approvals' for Condo Loans
- GOP to CFPB: You Don't Deserve Credit for Catching Wells Fargo
- Bucking Trend, SunTrust, Flagstar Stockpile Mortgage Servicing Rights
- First American Mortgage Solutions Makes Full Range of Services Available Through LendingQB
- Simplifile Adds 5 Counties in Western U.S. to Nations Largest E-Recording Network
- Simplifile Expands E-recording Network to Another 9 Southeast Counties, 14 Midwest Counties
- Simplifile Q2 2016 Report Finds Emerging Preference Among Lenders for Settlement Partners Who E-Record
- Another 23 Counties Across South, Midwest Adopt Simplifile E-Recording