May 12
We enthusiastically applaud and support (and urge our peers in the industry to do likewise) the common sense amendment to Senate Bill 3217 proposed yesterday by Senators Landrieu, Hagan and Isakson. The amendment acknowledges a “zero-risk” category for loans that meet standard underwriting criteria and favors “back to basics underwriting.” Of the 100 amendments proposed to the current Dodd bill, this is one we should all be able to get behind.
“Amendment Would Limit Extent of Risk Retention Requirements; MBA Urges Support“
