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Home » Store » News » House Financial Services Committee Tweaks Retained Interest Provisions, Rejects Covered Bond Proposal

House Financial Services Committee Tweaks Retained Interest Provisions, Rejects Covered Bond Proposal

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The House Financial Services Committee this week approved significant changes to controversial “retained interest” provisions that would rewrite the economics of securitizing home loans and other financial assets as part of a massive overhaul of federal regulation of financial markets. The committee approved by voice vote an amendment offered by Rep. Walt Minnick, D-ID...
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