Washington, D.C.–(ENEWSPF)–March 30, 2011. This morning the Federal Deposit Insurance Corporation became the first of six government agencies to adopt for public comment a proposed rule concerning risk retention on mortgage-backed securities, as required by section 941 of the Dodd Frank Act. As several of the FDIC directors noted, the rule could have profound consequences for this country’s financial system, and in particular for its housing finance system. Most at risk, perhaps, is the ability…
