Items Tagged with 'John Jay'


  • The misdirection of the risk-retention mob mentality

    The recent firestorm in the press over the qualified residential mortgage proposal, risk retention — and the unlikely alignment of mortgage financiers and consumer groups — make for amusing reads, but largely miss the point as it relates to the secondary markets. Amid the overt cynicism, trite claims of corruption and the apparent need of big lenders to mercilessly nickel-and-dime potential homeowners, the meat of the commentary on QRMs and risk retention are right-minded yet misguided.
    Read More