While many industry groups are trying to block implementation of certain Dodd-Frank Act provisions, supporters of a private mortgage market should have a strong interest in having the risk retention regulations finalized, according to Sarah Rosen Wartell, a former FHA official in the Clinton Administration.

Wartell, who now serves as executive vice president for the Center for American Progress, noted that a finalized risk retention rule will provide the ground rules for the development of a private-label securities (PLS) market for residential mortgages.

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