The Federal Deposit Insurance Corp. (FDIC) held a press conference this morning ahead of its meeting to discuss the proposal on risk retention and the all important missing piece of the puzzle — Qualifying Residential Mortgages (QRM).

The FDIC will also discuss the minimum servicing requirement for QRMs. According to a FDIC spokesperson, this rule will require that the servicers have the proper incentive and align their interest to provide risk servicing and to work with borrowers facing financial difficulties to look at various risk mitigating options, including loan obligations.

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