FDIC will consider Dodd-Frank lending proposal

08/22/2013 | Reuters

The Federal Deposit Insurance Corp. plans to meet next week to consider a rule mandated by the Dodd-Frank Act that would force lenders to retain 5% of any packaged securitized mortgages. The original proposal exempted any loans that included a 20% down payment, a figure that many lenders have criticized. Some experts expect that a rule with a lower threshold will be proposed.

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