The Federal Reserve Board on July 2 approved a final rule covering most of the Basel III bank regulatory requirements, which will increase the amount of capital banks have to hold in their reserves.
In a victory for the HBA and Home Builders, the final rule contains major improvements over what was proposed last year related to home mortgages. NAHB had urged regulators to shield community banks from overly burdensome capital rules that would have restricted their ability to provide new-home production loans and small business loans. The Fed addressed many of these concerns in posting its final rule.
View a more detailed analysis at NAHB .org by clicking here.
The Home Builders Association of Greenville are your neighbors and community leaders providing education and support for building industry professionals. We create jobs, encourage homeownership, and promote responsible growth throughout the upstate of South Carolina.
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