Reg Reform Could Create Divide in MBS Market, But Most Rules Yet to Be Written
July 2, 2010
While Congress may have written the financial reform provisions that chart the future of the MBS and ABS markets – risk retention, representations and warranties, and ABS disclosures – industry experts said the legislation puts the future of the market in the hands of regulators. The compromise bill approved by the House this week and expected to scrape by in the Senate directs...