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Loan Modification

: Mortgage Lender Implode-o-Meter

Dimon Says Risk-Retention Exemption May Benefit Biggest Lenders

By Implode-Explode Heavy Industries

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"The Dodd-Frank Act lets regulators exempt some mortgages from securitization rules designed to discourage risky lending. Six agencies drafting the rules, including the Federal Deposit Insurance Corp. and Office of Comptroller of the Currency, agreed to exempt loans in which borrowers make down-payments of at least 20 percent, according to U.S. officials who requested anonymity because the negotiations aren?t yet public."

Full post as published by Mortgage Lender Implode-o-Meter on March 17, 2011 (boomark / email).

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