The Obama administration has proposed that mortgages with a 20% down payment be deemed safe and banks would not be required to retain a 5% stake in the loans. Mortgages with less than 20% down would be subject to the risk-retention rule, per recent legislation. However, senators who wrote the rules said that was not their intent. Sen. Johnny Isakson, R-Ga., said lawmakers intentionally did not impose a minimum down payment requirement out of concern that they would keep consumers out of the housing market.

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