8/22/2013

The Federal Deposit Insurance Corp. plans to meet next week to consider a rule mandated by the Dodd-Frank Act that would force lenders to retain 5% of any packaged securitized mortgages. The original proposal exempted any loans that included a 20% down payment, a figure that many lenders have criticized. Some experts expect that a rule with a lower threshold will be proposed.

Full Story:
Reuters

Related Summaries