Risk Retention Proposal for Residential Mortgages Comes into Focus

May 23, 2011
The stage is set for a robust public debate on federal regulators’ proposed risk retention rules under Section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Groups representing both the financial services industry and the consumer public have requested an extension of the comment period to July 22, 2011. This update focuses on one of the most discussed aspects of the proposed rules―their potential impact on the availability of residential mortgages.