Risk Retention on Non-Agency MBS Required Beginning in January 2011 Due to FDIC Rules
October 1, 2010
The Federal Deposit Insurance Corp. seems to have won the race among federal regulators to set risk-retention requirements for non-agency mortgage-backed securities. Beginning Jan. 1, 2011, insured depository institutions that issue non-agency MBS must retain a five percent share of the issuance, according to...