Delaying Basel 3 and Servicing Transactions – Too Early to Tell

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Fed delays Basel III bank capital buffer rules – By Ronald D. Orol, MarketWatch – US Regulators on Friday delayed the effective date of a global agreement on greater bank capital buffers reached in response to the financial crisis of 2008.

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Bank Regulators to Delay New Capital Reserve Rules – By: AP – … The rules, which were proposed to implement an international agreement known as Basel III, were to be phased in over six years starting on Jan. 1, 2013. … – CNBC 
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Basel III Start Delayed as Bank Regulators Review Comments – By Jesse Hamilton – … The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency “do not expect that any of the proposed rules would become effective” at the start of next year, as they continue weighing views expressed during the comment period, they said in a joint statement. – Bloomberg

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How Proposed Basel III Rules Could Impact MSRs – Ellen R. Marshall  – The value of mortgage servicing rights (MSRs) may be changing and the market for acquiring MSRs may be heating up. This market phenomenon is the result of the proposed Basel III capital rules applicable to banks. For non-banks, the Basel III rules may seem irrelevant, but that could be a mistake. The Basel III rules could change how MSRs are priced, who owns the MSRs, and ultimately which servicers handle servicing for the loans that relate to the MSRs. More importantly, for non-banks, these MSRs may present interesting investment opportunities – DS News

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