Proposed Risk Retention Reform Affects Banker and Broker Loan Pricing

"There are many things to note that will impact mortgage lending, not the least of which is that the bill will create a new consumer protection division within the Federal Reserve charged with writing and enforcing new rules that target abusive practices in businesses such as mortgage lending and credit-card issuance. There is little, however, that is directly pointed at resolving any issues with Freddie and Fannie's role in the housing finance area."