Federal regulators may have to take a different approach in drafting a securitization rule after stumbling badly in their first effort to define which mortgages are safe enough to exempt from risk retention.

Under pressure from Congress, industry and consumer groups, the six federal regulatory agencies working on the risk-retention proposal extended the comment from June 10 to Aug. 1.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.