Tag Archives: Mortgages Without Risk

Mortgages Without Risk, At Least For The Banks – 29 November 2013

New York Times


That was why the Dodd-Frank financial overhaul law included risk retention — called “skin in the game” — as a major reform. For all but the safest loans, someone connected to the loan had to keep a stake in it. If such a loan went bad, then that lender would suffer along with those who bought securities containing it.

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