Group Calls for Servicing Standards in Future Federal Regulation of Non-Agency MBS Market
February 4, 2011
It may take more than a 5 percent retained interest and stiff new disclosure and reporting requirements for potential issuers to revive the non-agency MBS market as federal regulators appear to be looking for ways to boost servicing practices. An interagency group designing new risk-retention rules for non-agency MBS, non-mortgage ABS and commercial MBS issuers is being deluged...