Securitizers, Lenders Succeed in Stopping Cramdowns, Avoiding Adverse Impact of Risk-Retention Provision
December 18, 2009
The securities and banking industries claimed a major victory in limiting the impact of risk-retention requirements and keeping judicial cramdowns out of the regulatory reform and restructuring legislation passed by the House of Representatives last week.Securitization advocates succeeded in offsetting any possible adverse effects of mandated risk-retention requirements in H.R. 4173, the Wall...