Riding the Horse Backwards


Many regulators have signed on to the Qualified Residential Mortgage and risk retention provisions, since their view essentially is that "credit risk retention" should be required because they believe it encourages prudent underwriting and securitization.

Recently, Barney Frank (D-MA) spoke about a "revolt" against the risk retention regulations embodied in the Qualified Residential Mortgage provisions of the Dodd-Frank Act.

We've heard about the risk retention requirement by its euphemistic cognate, rather barbarically described as to "keep skin in the game." For the time being, though, maybe we should reflect a bit on Congressman Frank's worries.

This article offers commentary on the Qualified Residential Mortgage.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Jonathan Foxx, Lenders Compliance Group | Attorney Advertising

Written by:


Lenders Compliance Group on:

Readers' Choice 2017
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.