Revised FDIC Securitization Rule Could Become Framework for Future Non-Agency MBS Market
December 18, 2009
The Federal Deposit Insurance Corp. this week took the first steps toward a new regulation that could impose significant new federal requirements on the securitization of nonconforming mortgages and other financial assets, including tough standards on disclosures, risk retention and compensation. The agency is in the early stages of revamping its so-called Securitization Rule, which...