Loan Originators – Not Just Issuers – Feel the Pinch of Massive New SEC Disclosure Regime
April 13, 2006
A complex disclosure paradigm created last year for securities issuers is impacting companies that originate and service mortgage loans, which find themselves increasingly under pressure to provide information on their business practices and those of the vendors that they do business with. The Securities and Exchange Commission last year finalized a new rule – called Regulation AB –that has dramatically ratcheted up the disclosure requirements for firms that use the non-agency MBS market. For…