MBA Letter Addresses Basel III and it's Effects on Mortgage Markets

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Posted To: MND NewsWire

The Mortgage Bankers Association ( MBA ) has sent a letter to the Federal Reserve, Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation expressing its opinion that proposed Regulatory Capital Rules should not go forward. The three rules about which MBA expressed concern are the Regulatory Capital: Implementation of Basel III (Regulatory Capital Rule); Standardized Approach for Risk-Weighted Assets (Standardized Approach); and Advanced Approaches Risk-based Capital Rule (Advanced Approach.) The regulators had earlier invited public comment on the proposals. MBA states in its letter that it "believes that the differences between the U.S. version of Basel III and the proposals of the European Commission are so pervasive that U.S. banks will have a major disadvantage...(read more)

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