Just when Mortgage Brokers think they are the whipping boy they see this and realize they could have it worse. Mortgage Reform is coming and not in the way it was intented.
http://www.housingwire.com/2010/05/12/senate-adds-mortgage-underwriting-standards-to-dodd-bill-keeps-risk-retention/
With profits so compressed I don't see how issuers are going to hold a 5% equity in these deals without being able to "sell" that risk off.
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