Chasm emerges on 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 a loan. Wells Fargo has suggested limiting that exemption to loans with more money down. The idea is fueling concern that only a few major banks would be eligible for the exemption.

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