Risk-based capital: Test methodology and specifications; technical amendments Correction,
[Federal Register: July 12, 2006 (Volume 71, Number 133)]
[Corrections]
[Page 39399-39400]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr12jy06-133]
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Office of Federal Housing Enterprise Oversight
12 CFR Part 1750
RIN 2550-AA35
Risk-Based Capital Regulation Amendment
Correction
In proposed rule document 06-5330 beginning on page 36231 in the issue of Monday, June 26, 2006, make the following corrections:
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On pages 36235 and 36236, Table 3-4 is being reprinted in its entirety to read as follows:
Table 3-4.--Additional Multifamily Loan Classification Variables
Variable
Description
Range
Multifamily Product Code
Identifies the mortgage product Fixed Rate Fully Amortizing types for multifamily loans
Adjustable Rate Fully Amortizing 5 Year Fixed Rate Balloon 7 Year Fixed Rate Balloon 10 Year Fixed Rate Balloon 15 Year Fixed Rate Balloon Balloon ARM Other
New Book Flag
``New Book'' is applied to Fannie New Book Mae loans acquired beginning in Old Book 1988 and Freddie Mac loans acquired beginning in 1993, except for loans that were refinanced to avoid a default on a loan originated or acquired earlier
Ratio Update Flag
Indicates if the LTV and DCR were Yes updated at origination or at
No Enterprise acquisition
Current DCR
Assigned classes for the Debt
DCR=4.00
Prepayment Penalty Flag
Indicates if prepayment of the loan Yes is subject to active prepayment No penalties or yield maintenance provisions
[[Page 39400]]
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On pages 36245 and 36246, Table 3-32 is being reprinted in its entirety to read as follows:
Table 3-32--Loan Group Inputs for Mortgage Amortization Calculation
Variable*
Description
Source
Rate Type (Fixed or Adjustable)
RBC Report
Product Type (30/20/15-Year FRM, ARM,
RBC Report Balloon, Government, etc.)
UPBORIG
Unpaid Principal Balance at Origination
RBC Report (aggregate for Loan Group)
UPB0
Unpaid Principal Balance at start of Stress RBC Report Test (aggregate for Loan Group)
MIR0
Mortgage Interest Rate for the Mortgage
RBC Report Payment prior to the start of the Stress Test, or Initial Mortgage Interest Rate for new loans (weighted average for Loan Group) (expressed as a decimal per annum)
PMT0
Amount of the Mortgage Payment (Principal and RBC Report Interest) prior to the start of the Stress Test, or first payment for new loans (aggregate for Loan Group)
AT
Original loan Amortizing Term in months
RBC Report (weighted average for Loan Group)
RM
Remaining term to Maturity in months (i.e., RBC Report number of contractual payments due between the start of the Stress Test and the contractual maturity date of the loan) (weighted average for Loan Group)
A0
Age immediately prior to the start of the RBC Report Stress Test, in months (weighted average for Loan Group)
Interest-only Flag
RBC Report
RIOP
Remaining Interest-only period, in months RBC Report (weighted average for loan group)
Additional Interest Rate Inputs
GFR
Guarantee Fee Rate (weighted average for Loan RBC Report Group) (decimal per annum)
SFR
Servicing Fee Rate (weighted average for Loan RBC Report Group) (decimal per annum)
Additional Inputs for ARMs (weighted averages for Loan Group, except for Index)
INDEXm
Monthly values of the contractual Interest section 3.3, Interest Rates Rate Index
LB
Look-Back period, in months
RBC Report
MARGIN
Loan Margin (over index), decimal per annum RBC Report
RRP
Rate Reset Period, in months
RBC Report
Rate Reset Limit (up and down), decimal per RBC Report annum
Maximum Rate (life cap), decimal per annum RBC Report
Minimum Rate (life floor), decimal per annum RBC Report
NAC
Negative Amortization Cap, decimal fraction RBC Report of UPBORIG
Unlimited Payment Reset Period, in months RBC Report
PRP
Payment Reset Period, in months
RBC Report
Payment Reset Limit, as decimal fraction of RBC Report prior payment
IRP
Initial Rate Period, in months
RBC Report
*Variable name is given when used in an equation
[FR Doc. C6-5330 Filed 7-11-06; 8:45 am]
BILLING CODE 1505-01-D