Corker Introduces Amendment to Eliminate Risk-Retention Requirement from Senate Bill
May 7, 2010
As debate on amendments to the Senate regulatory reform bill began this week, the eyes of the mortgage industry turned to a proposal by Sen. Bob Corker, R-TN, to strike legislation requiring lenders to retain at least 5 percent of a mortgage sold into the securitization market. The clash over risk retention is expected to be one of the major fights to watch as lenders...