6/25/2010

The regulatory-reform bill would require lenders to keep at least 5% of loans, even if the rest of the loan is securitized, lawmakers said. The risk-retention rule is intended to avoid conditions that brought on the subprime-mortgage crisis. Loans from government agencies Freddie Mac and Fannie Mae could be exempt from the rule under the qualified-mortgage exemption.

Full Story:
Bloomberg

Related Summaries