Sentences with phrase «risk retention requirements»

NAR called on regulators to revise the unnecessarily high down payment requirements of the Qualified Residential Mortgage (QRM) exemption from risk retention requirements under the Dodd - Frank Act.

«The QRM is likely to shape housing finance for the foreseeable future, and we believe that Congress intended to create a broad QRM exemption from the 5 percent risk retention requirement to include a wide variety of traditionally safe, well - underwritten products,» said Phipps.

The law's risk retention requirement mandates that mortgage securitizers must bear at least five percent of the credit risk of any assets securitized.

Crafted with Dodd - Frank's risk retention requirement in mind, the deal is expected to make the ABS process cheaper and faster

Lending sources were extremely skeptical about funding new construction (particularly hotel and hospitality) coming out of the last recession, and the current lending environment is showing signs of reticence as bank reserve requirements from Basel III and CMBS risk retention requirements from Dodd - Frank are due to kick in by late 2016.

Yet key issues that will move to the forefront in 2013 are new risk retention requirements, particularly those changes proposed through the Premium Capture Cash Reserve Account (PCCRA) provision.

The QRM rule encourages borrowers to make down payments greater than the current average in order to avoid risk retention requirements that amount to significantly higher interest rates.

According to Bloomberg, a US appeals court ruled today that CLO managers are exempt from risk retention requirements.

If they meet that down payment requirement and other stiff underwriting requirements, the 5 percent risk retention requirement is waived, so these loans will be far more affordable than loans for which the standards aren't met.

The costs of Dodd - Frank's risk retention requirement, according to the authors, will only be «increased by the bubble.»

The risk retention requirement for securitizers is worth noting.

On August 1, 2011, NAR President Ron Phipps submitted NAR's comments on the proposed rule to implement the risk retention requirements of the Dodd - Frank Act.

Unnecessarily defines the QRM exemption from the risk retention requirements to include only a narrow slice of the mortgage market.

Although that requirement might make sense for residential mortgage backed securities (RMBS), there are some inherent differences in how CMBS transactions are structured that make that risk retention requirement very challenging.

The purpose of the QRM exception from the risk retention requirement is to encourage safe, reasonably priced lending, not to raise costs for millions of creditworthy borrowers.

The final rule also exempts housing bonds issued by state housing finance agencies from the risk retention requirements.

Risk Retention — Qualified Mortgage Exemption — At NAR's request, Congress included a qualified mortgage exemption from potentially costly (for both lenders and consumers) risk retention requirements.

Risk retention requirements will have a critical impact on the commercial mortgage - backed securities market and have a direct effect on how commercial mortgage - backed securities loans are issued and priced.

NAR says loans packaged into commercial mortgage backed securities (CMBS) should be expect from the 5 percent risk retention requirement, and the House Financial Services Committee agrees.

-- A securitization of a single commercial real estate loan or a group of cross-collateralized or cross-defaulted commercial real estate loans that represent the obligation of one or more related borrowers secured by one or more commercial properties under direct or indirect common ownership or control is exempt from the risk retention requirements of this section.

-- The Federal banking agencies and the Commission shall jointly maintain regulations to exempt qualified commercial real estate loans from the risk retention requirements of this section.

The bill exempts from risk retention requirements the securitization of a single commercial real estate loan or a group of cross-collateralized or cross-defaulted commercial real estate loans that represent the obligation of one or more related borrowers secured by commercial properties under direct or indirect common ownership or control.

«(I) include the requirements under which interest - only loans may be exempt from the risk retention requirements of this section;

To amend the Securities Exchange Act of 1934 to exempt certain commercial real estate loans from risk retention requirements, and for other purposes.