ABS Issuers, Credit Rating Agencies Face New Reps, Warranties, Enforcement Disclosure Requirements
October 8, 2010
Issuers of non-agency MBS and ABS and the credit rating agencies that rate them will have to provide investors with new disclosures about representations, warranties and enforcement mechanisms under a rule proposed this week by the Securities and Exchange Commission as part of the implementation of the Dodd-Frank Act. Although agency MBS are generally exempt...