Proposed risk-retention rules raise concerns

04/15/2011 | Bloomberg

At a House Financial Services subcommittee hearing, lawmakers, policymakers and industry participants discussed proposed rules for mortgage risk-retention. Bob Ryan, acting commissioner of the Federal Housing Administration, warned that regulators "must be mindful of the trade-off" between access to credit and borrowers' equity. SIFMA's Ken Bentsen separately noted some concerns. "The current rule proposals by federal regulators are sweeping and, if implemented in their current form, could have profound and negative effects on credit availability," said Bentsen, executive vice president of public policy and advocacy at SIFMA. Read SIFMA's statement regarding the risk-retention hearing.

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