Private lenders will be required to keep at least a 5 percent stake in loans they package and sell under an agreement reached by House and Senate lawmakers who are negotiating the financial-regulatory bill.
Lawmakers said the goal of the risk retention rule, also known as the skin-in-the-game provision, is to raise the quality of loans [...]
Posts Tagged ‘subprime mortgage’
Private Lenders to Keep 5 Percent of Risk Under New U.S. Rules
June 25th, 2010 by Mortgage Writer
Tags: brokers, credit card, housing market, interest rates, lenders, loans, mortgage market, mortgage payments, mortgages, regulators, subprime mortgage, wall street
more...Countrywide Ex-CEO Mozilo to Face SEC Charges in Court
November 6th, 2009 by Mortgage Writer
A federal judge ruled that former Countrywide CEO Angelo Mozilo must face allegations of securities fraud and insider trading in court, saying that the quality of loans that the mortgage lender was making would be of material interest to investors.
Judge John Walter of the U.S. District Court in Los Angeles denied a request by Mozilo [...]
Tags: countrywide, investors, loans, mortgage lender, subprime mortgage
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