Risk-Based Capital Regulation Amendment, 39399-39400 [C6-5330]

Download as PDF 39399 Corrections Federal Register Vol. 71, No. 133 Wednesday, July 12, 2006 This section of the FEDERAL REGISTER contains editorial corrections of previously published Presidential, Rule, Proposed Rule, and Notice documents. These corrections are prepared by the Office of the Federal Register. Agency prepared corrections are issued as signed documents and appear in the appropriate document categories elsewhere in the issue. third lines, ‘‘http://www.wto.org/enligh/ docs_e/legal_e/legal_e.htm’’ should read ‘‘http://www.wto.org/english/docs_e/ legal_e/legal_e.htm’’. 2. On page 37036, in the third column, in footnote 8, in the second line, ‘‘Cnada’’ should read ‘‘Canada’’. [FR Doc. C6–5799 Filed 7–11–06; 8:45 am] BILLING CODE 1505–01–D DEPARTMENT OF AGRICULTURE [Docket No. OP–1259] [Docket No. APHIS–2006–0090] Correction Correction In notice document 06–5799 beginning on page 37032 in the issue of Thursday, June 29, 2006, make the following corrections: 1. On page 37033, in the second column, in footnote 1, in the second and BILLING CODE 1505–01–D DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 12 CFR Part 1750 RIN 2550–AA35 Policy on Payments System Risk Plant Protection and Quarantine Export-Related Services and Procedures [FR Doc. C6–5843 Filed 7–11–06; 8:45 am] Office of Federal Housing Enterprise Oversight FEDERAL RESERVE SYSTEM Animal and Plant Health Inspection Service ‘‘3. Self-Assessments by Systemically Important Systems’’. In notice document 06–5843 beginning on page 36800 in the issue of Wednesday, June 28, 2006, make the following correction: On page 36804, in the second column, under the heading ‘‘VII. Federal Reserve Policy on Payments System Risk’’, after entry I.C.2., add an entry I.C.3. to read as follows: 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: 1. 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 Identifies the mortgage product types for multifamily loans Fixed Rate Fully Amortizing 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 Mae loans acquired beginning in 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 New Book Old Book Ratio Update Flag Indicates if the LTV and DCR were updated at origination or at Enterprise acquisition Yes No Current DCR jlentini on PROD1PC65 with MISCELLANEOUS Multifamily Product Code Assigned classes for the Debt Service Coverage Ratio based on the most recent annual operating statement DCR<1.00 1.00<=DCR<1.10 1.10<=DCR<1.20 1.20<=DCR<1.30 1.30<=DCR<1.40 1.40<=DCR<1.50 1.50<=DCR<1.60 1.60<=DCR<1.70 1.70<=DCR<1.80 1.80<=DCR<1.90 1.90<=DCR<2.00 2.00<=DCR<2.50 2.50<=DCR<4.00 DCR>=4.00 Prepayment Penalty Flag Indicates if prepayment of the loan is subject to active prepayment penalties or yield maintenance provisions Yes No VerDate Aug<31>2005 19:30 Jul 11, 2006 Jkt 208001 PO 00000 Frm 00001 Fmt 4734 Sfmt 4734 E:\FR\FM\12JYCX.SGM 12JYCX 39400 Federal Register / Vol. 71, No. 133 / Wednesday, July 12, 2006 / Corrections 2. 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, Balloon, Government, etc.) RBC Report UPBORIG Unpaid Principal Balance at Origination (aggregate for Loan Group) RBC Report UPB0 Unpaid Principal Balance at start of Stress Test (aggregate for Loan Group) RBC Report MIR0 Mortgage Interest Rate for the Mortgage 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) RBC Report PMT0 Amount of the Mortgage Payment (Principal and Interest) prior to the start of the Stress Test, or first payment for new loans (aggregate for Loan Group) RBC Report AT Original loan Amortizing Term in months (weighted average for Loan Group) RBC Report RM Remaining term to Maturity in months (i.e., 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) RBC Report A0 Age immediately prior to the start of the Stress Test, in months (weighted average for Loan Group) RBC Report Interest-only Flag RBC Report Remaining Interest-only period, in months (weighted average for loan group) RBC Report RIOP Additional Interest Rate Inputs GFR Guarantee Fee Rate (weighted average for Loan Group) (decimal per annum) RBC Report SFR Servicing Fee Rate (weighted average for Loan Group) (decimal per annum) RBC Report Additional Inputs for ARMs (weighted averages for Loan Group, except for Index) INDEXm Monthly values of the contractual Interest Rate Index section 3.3, Interest Rates 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 annum RBC Report Maximum Rate (life cap), decimal per annum RBC Report Minimum Rate (life floor), decimal per annum RBC Report Negative Amortization Cap, decimal fraction of UPBORIG RBC Report Unlimited Payment Reset Period, in months RBC Report Payment Reset Period, in months RBC Report Payment Reset Limit, as decimal fraction of prior payment RBC Report Initial Rate Period, in months RBC Report NAC PRP IRP *Variable name is given when used in an equation [FR Doc. C6–5330 Filed 7–11–06; 8:45 am] jlentini on PROD1PC65 with MISCELLANEOUS BILLING CODE 1505–01–D VerDate Aug<31>2005 19:30 Jul 11, 2006 Jkt 208001 PO 00000 Frm 00002 Fmt 4734 Sfmt 4734 E:\FR\FM\12JYCX.SGM 12JYCX

Agencies

[Federal Register Volume 71, Number 133 (Wednesday, July 12, 2006)]
[Corrections]
[Pages 39399-39400]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: C6-5330]


-----------------------------------------------------------------------

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:
    1. 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<1.00
                                       Service Coverage Ratio based on the  1.00<=DCR<1.10
                                       most recent annual operating         1.10<=DCR<1.20
                                       statement                            1.20<=DCR<1.30
                                                                            1.30<=DCR<1.40
                                                                            1.40<=DCR<1.50
                                                                            1.50<=DCR<1.60
                                                                            1.60<=DCR<1.70
                                                                            1.70<=DCR<1.80
                                                                            1.80<=DCR<1.90
                                                                            1.90<=DCR<2.00
                                                                            2.00<=DCR<2.50
                                                                            2.50<=DCR<4.00
                                                                            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]]

    2. 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