A prominent feature of the Dodd-Frank Act is the risk-retention provision in Title IX (Subtitle D, § 941). It requires banks that originate mortgages to retain 5 percent of the credit risk in their portfolios. The risk-retention requirement was created in direct response to the oft-cited lending practice that contributed to the housing bubble where mortgage originators would sell off the securitized loans without retaining any of the credit risk. A key exception to the provision concern “qualified residential mortgages” (QRM) and loans designated as QRMs are exempt from the risk-retention requirement.