How Dodd-Frank and Basel III Rules Will Affect Residential Mortgage Business | Practical Law
This Article discusses the substantial regulatory and related business challenges in the post-Dodd-Frank Act environment faced by banks that offer residential mortgages. It analyzes the various proposed mortgage loan standards for purposes of: the qualified mortgage exception to the ability-to-pay requirement; the qualified residential mortgage exemption from the risk retention requirement; and the the treatment of mortgage loans under new US capital requirements that would implement Basel III in the US.