H41: Change to the H.4.1 to include information related to MS Facilities 2020 LLC
Date: 2024-11-29 21:30
Summary:
The Federal Reserve Board (FRB) has issued a notice of proposed rulemaking (NPRM) to amend Regulation H (Home Mortgage Disclosure Act) to include information related to MS Facilities 2020 LLC. The proposed change would require certain financial institutions to collect and report data on loans originated or purchased by MS Facilities 2020 LLC.
Details:
- The NPRM proposes to amend Regulation H by adding a new section, H.4.1, which would require certain financial institutions to collect and report data on loans originated or purchased by MS Facilities 2020 LLC.
- The data would include information such as the amount of the loan, the purpose of the loan, the loan’s terms, and the borrower’s characteristics.
- The proposed change would apply to all financial institutions that are required to report data under Regulation H.
- The FRB is seeking public comment on the proposed change. Comments must be submitted by [insert date].
Significance:
The proposed change would provide the FRB with data on loans originated or purchased by MS Facilities 2020 LLC. This data would help the FRB to assess the impact of MS Facilities 2020 LLC on the mortgage market and to identify any potential risks to consumers.
Next Steps:
The FRB is seeking public comment on the proposed change. Comments must be submitted by [insert date]. After the comment period has closed, the FRB will review the comments and make a decision on whether to adopt the proposed change.
H41: Change to the H.4.1 to include information related to MS Facilities 2020 LLC
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