12/14/2010

Wells Fargo recently sent a letter to regulators explaining the kind of risk it is willing to retain under the Dodd-Frank Act. The law requires regulators to determine how much risk originators need to retain on what types of mortgages after they are securitized and sold in the secondary market. For example, Wells Fargo is asking regulators for a simpler, narrower definition of qualified residential mortgages, which are exempt from the retention rule.

Related Summaries