Sen. Dodd is at odds with Rep. Frank on mortgage-lender exemption

06/23/2010 | Reuters

Sen. Christopher Dodd, D-Conn., is standing firm on exempting low-risk mortgages from a rule that would require lenders to retain a financial stake when they securitize loans. Rep. Barney Frank, D-Mass., wants to include the safest home loans. Mr. Dodd and Mr. Frank are leading the effort to reconcile the House and Senate versions of the overhaul of financial regulations.

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