tag:blogger.com,1999:blog-319775530671726401.post8044812362955022135..comments2023-10-01T09:18:26.162-04:00Comments on Keith Leggett’s Credit Union Watch: Dodd Frank's Risk Retention Requirement Silent on Credit UnionsKeith Leggetthttp://www.blogger.com/profile/14794334790117033547noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-319775530671726401.post-91273448992050899402011-03-31T19:39:21.185-04:002011-03-31T19:39:21.185-04:00Regardless of what the NCUA does or does not do co...Regardless of what the NCUA does or does not do concerning the Dodd-Frank risk retention requirements or QRM, these other agencies' actions will define the secondary market and securitization. It is hard to imagine that the credit unions could operate outside of these broader markets unless they plan to hold everything in-portfolio.Marvin Umholtznoreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-80298987089152549292011-03-31T11:57:01.350-04:002011-03-31T11:57:01.350-04:00If a credit union (or bank for that matter) sells ...If a credit union (or bank for that matter) sells mortgages (or first trust deed loans here in California) to Freddie/Fannie, they are not subject to this rule. <br /><br />Also, credit unions have a 10 percent retention requirement on loan participations. Maybe 10 percent should be the threshold for the for-profit banking and financial service firms?Anonymousnoreply@blogger.com