Lewis Ranieri, the co-inventor of the MBS, on Wednesday predicted that the new 'qualified residential mortgage' (QRM) rule will push more borrowers into non-QRM loans who would normally qualify for a Fannie Mae or Freddie Mac product.  

The proposed risk retention rule exempts GSE guaranteed loans from risk retention — for now. But government officials — members of the GOP in particular — want to wind down Fannie and Freddie because of how much they have cost the government ($142 billion and counting). 

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