MBS/ABS Market Wrestles With New SEC Rules on Asset Review, Reps & Warranties
February 17, 2011
New federal regulations on asset reviews and representations and warranties may take some getting used to, but most analysts at last week’s American Securitization Forum annual meeting agreed that they should be a positive for the MBS and ABS markets. A key sticking point in the new rule on asset reviews is the potential liability of third-party contractors that conduct these reviews, which is underscored by a general preference for...