Servicers Want Leniency on Reg AB Audit Requirement, But SEC Poised to Enforce Full Compliance Right Away
May 12, 2006
Many servicers of non-agency MBS and ABS may not be able to fully comply with the audit requirement of Regulation AB in time, but the industry is having a tough time getting the Securities and Exchange Commission to give any slack. Instead, the SEC appears set on full compliance from the get-go, although sources suggest that some members may be open to discussing the issue. Failing to meet Reg. AB’s tough standards could jeopardize a…
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
News Tailored to Your Needs
Get Focused Coverage
Inside Mortgage Finance's newsletters break the mortgage market down so you get the news and data you need most, whether it's total industry coverage or just the news related to securitization, regulation, profits or other specific topics.