Things at Ocwen just went from bad to much, much worse

Things at Ocwen just went from bad to much, much worse

Embattled company hit with an avalanche of bad news

Pending home sales surge to highest level in 18 months

Buyer demand boosts sales

Foreclosure: The Movie… (finally!) coming to a screen near you

In new film, neighborhood of foreclosed homes drives man insane
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