Relaxed mortgage-quality rule likely to move forward

A new version of a proposed rule to beef up mortgage quality is expected to advance after the Securities and Exchange Commission dropped objections to looser terms, officials say. An initial version of the proposal, released in 2011, called for borrowers to put down 20% or for lenders to keep 5% of the securitized loan's risk on their books. The latest version scraps the down payment requirement and offers lenders an exemption on retaining risk. The SEC has won a concession calling for periodic reviews of the rule.

View Full Article in:

Wall Street Journal (tiered subscription model), The

Published in Brief:

SmartBrief Job Listings for Government & Nonprofit

Job Title Company Location
Major Gifts Officer
Gay, Lesbian & Straight Education Network (GLSEN)
New York, NY
Project One America Director
Human Rights Campaign
Washington, DC
Director of Development & Communications
National LGBT Bar Association
Washington, DC
Affiliate Relations, External Affairs, & Policy Fellow
National Gay & Lesbian Chamber of Commerce
Washington, DC
Ohio Competes Campaign Manager
Equality Ohio
Columbus, OH