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Volume 21 - Number 3

February 9, 2010

OCC Favors Minimum Underwriting Standards over ‘Skin in the Game’

Comptroller of the Currency John Dugan argued for the return of a more vibrant, credible securitization market as a source of credit for economic revival but expressed concerns about requiring issuers and loan originators to retain risk or “skin in the game” in every MBS transaction. Speaking before the American Securitization Forum, Dugan suggested an alternative...

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