This week, the Federal Deposit Insurance Corporation discussed new proposals that would mandate securitizers to maintain "a material portion" of any managed assets with inherent credit risks. Specifically, the measure would set a standard of requirements on qualified resident mortgages. Under the Dodd-Frank Act, mortgage securitizers are supposed to possess 5 percent of the credit risk of unqualified mortgages. Many other financial bodies and agencies have already announced that they will weigh the consideration and its possible approval. That list of agencies includes: the Federal Reserve, the Securities and Exchange Commission, the Federal Housing Finance Agency, and the Department of Housing and Urban Development, among others. CNBC reports that the new risk retention rules would exclude insurance because of the role insurance played with mortgage-backed securities prior to the financial meltdown. The network states that by including insurance, banks or investors will likely see decreased risk of losses from default loans. However, that does not decrease the chance of the loans actually defaulting. Dodd-Frank targets increased security for homebuyers who default and have their homes foreclosed.