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Skin in the Game: Risk Retention Proposal Published

By Implode-Explode Heavy Industries

``The Dodd-Frank financial reform bill already identified loans guaranteed or originated through FHA, VA, and USDA as qualified for exemption but left other products, including loans written by Fannie Mae and Freddie Mac, up to federal regulators to determine. Under the proposed definition released today, Fannie Mae and Freddie Mac will indeed be exempt from risk retention regs at least while the GSEs are under government control. When/If Fannie and Freddie are released from conservatorship the read more

Full post as published by Mortgage Lender Implode-o-Meter on March 30, 2011 (boomark / email).