Last week the FDIC and other Federal agencies proposed risk retention rulemaking and called for public commentary. Today RISMedia revealed some more details on the development.

The proposed rule includes 174 questions for comment, which RISMedia says “is likely to be published next week.” The public will then have 60 days (until June 10, 2010) to review and formulate feedback.

The proposed risk retention laws would require that lenders retain at least a 5 percent credit risk on loans to ensure sound underwriting.

Loans known as qualified risk mortgages, wherein the homebuyer submits a large down payment, would not be subject to risk retention laws.