The qualified residential mortgage rule that determines which privately issued mortgages are subject to risk retention has been on the regulatory backburner for months and may even be repealed.

The uncertainty surrounding how the rule will look  has kept many traditional RMBS issuers sidelined.  Fitch Ratings said in June 26, report that issuers looking to create securities that fall in the ORM box are waiting for the rule to be finalized before they come to market.

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