Bank of America: 'We provide all required MSR documents'

Bank of America: 'We provide all required MSR documents'

Responds to Ginnie Mae MSR transfer block

17% of homes with a mortgage seriously underwater

Share of underwaters continues slow decline

Here are 5 bold mortgage predictions from KBW

Q1 mortgage volume predicted to be $20 billion lower
W S
Investments / The Ticker

Bank regulators debate lender risk rules

How much skin-in-the-game should a bank have?

legal steps
/ Print / Reprints /
| Share More
/ Text Size+

Reuters says banking regulators are still trying to determine how much risk a bank should carry after loans are sold off onto the secondary mortgage market. The publication elaborates on the ongoing debate:

The Federal Deposit Insurance Corp said on Wednesday that it will meet on August 28 to discuss the credit risk retention rule required by the 2010 Dodd-Frank Wall Street oversight law.

The "skin-in-the-game" rules call for lenders to keep 5 percent of securitized mortgages on their books, with the exception of the most basic loans. The requirement was first proposed in 2011, but has not yet been made final.

Source: Reuters
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus