Comments are flooding into the six agencies padlocked to the risk-retention rule mandated by the Dodd-Frank Act. In our view, the SEC’s stunning defeat in the proxy-access litigation will force this rule back for a rewrite, significantly delaying any action on a proposal that, if implemented, would radically redefine mortgage finance and, perhaps, quash near-term recovery.
The full report is available to subscription clients. To find out how you can sign up for the service, click here