Proposed risk-retention rules raise concerns

04/15/2011 | Bloomberg

At a House Financial Services subcommittee, lawmakers, policymakers and industry participants discussed the proposed rules for mortgage risk retention. Bob Ryan, acting commissioner at the Federal Housing Administration, warned that regulators "must be mindful of the trade-off" between access to credit and borrowers' equity. He told lawmakers that higher down payments on mortgages won't necessarily rein in the risk of default.

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