#aad? ,,congress  #a/ ,session  ,h4 ,r4 
#adjh  ,,an ,,act  ,to require c]ta9    
,f$]al bank+ ag5cies to conduct a /udy (
 ! appropriate capital requirem5ts =    
mortgage s]vic+ assets = bank+          
in/itutions1 & = o!r purposes4  #a4     
,%ort title ,?is ,act may be cit$ z !   
,mortgage ,s]vic+ ,asset ,capital       
,requirem5ts ,act ( #bjae4  #b4 ,/udy ( 
mortgage s]vic+ assets  7a7 ,def9itions 
,9 ?is section3  7#a7 ,bank+ in/itution 
,! t]m bank+ in/itution means an insur$ 
depository in/itution1 ,f$]al cr$it     
union1 ,/ate cr$it union1 bank hold+    
company1 or sav+s & loan hold+ company4 
7#b7 ,basel iii capital requirem5ts ,!  
t]m ,basel ,,iii capital requirem5ts    
means ! ,global ,regulatory ,framework =
 ,m ,resili5t ,banks & ,bank+ ,sy/ems   
issu$ by ! ,basel ,committee on ,bank+  
,sup]vision on ,decemb] #af1 #bjaj1 z   
revis$ on ,june #a1 #bjaa4  7#c7 ,f$]al 
bank+ ag5cies ,! t]m ,f$]al bank+       
ag5cies means ! ,bo>d ( ,gov]nors ( !   
,f$]al ,res]ve ,sy/em1 ! ,(fice ( !     

,comptroll] ( ! ,curr5cy1 ! ,f$]al      
,deposit ,insurance ,corporation1 & !   
,national ,cr$it ,union ,adm9i/ration4  
7#d7 ,mortgage s]vic+ assets ,! t]m     
mortgage s]vic+ assets means ^? assets t
 result f contracts to s]vice loans     
secur$ by real e/ate1 :]e su* loans are 
own$ by ?ird p>ties4  7#e7 ,,ncua       
capital requirem5ts ,! t]m ,,ncua       
capital requirem5ts means ! propos$ rule
 ( ! ,national ,cr$it ,union            
,adm9i/ration entitl$ ,risk-,bas$       
,capital 7#hj ,f$4 ,reg4 #dcdj 7,janu>y 
#bg1 #bjae774  7#f7 ,o!r def9itions     
7,a7 ,bank+ def9itions ,! t]ms bank     
hold+ company1 insur$ depository        
in/itution1 & sav+s & loan hold+ company
 h ! mean+s giv5 ^? t]ms 9 section #c ( 
! ,f$]al ,deposit ,insurance ,act 7#ab  
,u4,s4,c4 #ahac74  7,b7 ,cr$it union    
def9itions ,! t]ms ,f$]al cr$it union & 
,/ate cr$it union h ! mean+s giv5 ^?    
t]ms 9 section #aja ( ! ,f$]al ,cr$it   
,union ,act 7#ab ,u4,s4,c4 #ageb74  7b7 
,/udy ( ! appropriate capital = mortgage

 s]vic+ assets  7#a7 ,9 g5]al ,! ,f$]al 
bank+ ag5cies %all jo9tly conduct a /udy
 ( ! appropriate capital requirem5ts =  
mortgage s]vic+ assets = bank+          
in/itutions4  7#b7 ,issues to be /udi$  
,! /udy requir$ "u p>agraph 7#a7 %all   
include1 ) a specific focus on bank+    
in/itutions-- 7,a7 ! risk to bank+      
in/itutions ( hold+ mortgage s]vic+     
assets2  7,b7 ! hi/ory ( ! m>ket =      
mortgage s]vic+ assets1 includ+ 9       
p>ticul> ! m>ket = ^? assets 9 ! p]iod (
 ! f9ancial crisis2  7,c7 ! ability (   
bank+ in/itutions to e/abli% a value =  
mortgage s]vic+ assets ( ! in/itution   
?r\gh p]iodic sales or o!r means2  7,d7 
regulatory approa*es to mortgage s]vic+ 
assets & capital requirem5ts t may be   
us$ to address conc]ns ab\t ! value ( & 
ability to sell mortgage s]vic+ assets2 
7,e7 ! impact ( impos+ ! ,basel ,,iii   
capital requirem5ts & ! ,,ncua capital  
requirem5ts on bank+ in/itutions on !   
ability ( ^? in/itutions--  7i7 to      
compete 9 ! mortgage s]vic+ bus9ess1    

includ+ ! ne$ = economies ( scale to    
compete 9 t bus9ess2 &  7ii7 to provide 
s]vice to consum]s to :om ! in/itutions 
h made mortgage loans2  7,f7 an analysis
 ( :at ! mortgage s]vic+ m>ketplace w\ld
 look l if ! ,basel ,,iii capital       
requirem5ts & ! ,,ncua capital          
requirem5ts on mortgage s]vic+ assets-- 
7i7 7 fully implem5t$2 &  7ii7 appli$ to
 bo? bank+ in/itutions & nondepository  
resid5tial mortgage loan s]vic]s2  7,g7 
! significance ( problems ) mortgage    
s]vic+ assets1 if any1 9 bank+          
in/itution failures & problem bank+     
in/itutions1 includ+ specifically       
id5tify+ fail$ bank+ in/itutions :]e    
mortgage s]vic+ assets contribut$ to !  
failure2 &  7,h7 an analysis ( !        
relevance ( ! ,basel ,,iii capital      
requirem5ts & ! ,,ncua capital          
requirem5ts on mortgage s]vic+ assets to
 ! bank+ sy/ems ( o!r significantly     
develop$ c\ntries4  7#c7 ,report to     
congress ,n lat] ?an #ahj days aft] !   
date ( enactm5t ( ?is ,act1 ! ,f$]al    

bank+ ag5cies %all submit to !          
,committee on ,bank+1 ,h\s+1 & ,urban   
,affairs ( ! ,s5ate & ! ,committee on   
,f9ancial ,s]vices ( ! ,h\se (          
,repres5tatives a report conta9+--  7,a7
 ! results ( ! /udy requir$ "u p>agraph 
7#a72  7,b7 any analysis on ! specific  
issue ( mortgage s]vic+ assets und]tak5 
by ! ,f$]al bank+ ag5cies be=e f9aliz+  
regulations implem5t+ ! ,basel ,,iii    
capital requirem5ts & ! ,,ncua capital  
requirem5ts2 &  7,c7 any recomm5dations 
= legislative or regulatory actions t   
w\ld address conc]ns ab\t ! value ( &   
ability to sell & ! ability ( bank+     
in/itutions to hold mortgage s]vic+     
assets4  ,pass$ ! ,h\se (               
,repres5tatives ,july #ad1 #bjae4;,cl]k4