Chasm emerges on new securitization rules

12/3/2010 | AmericanBanker.com (subscription required)

The financial-services industry has been urging lawmakers to exempt the safest loans from a provision in the Dodd-Frank Act that requires banks to retain a portion of the loans. Wells Fargo has suggested limiting that exemption to loans with more money down. The move is fueling concerns that only a few major banks would be eligible for the exemption.

View Full Article in:

AmericanBanker.com (subscription required)

Published in Brief: