Securitization Players Support More SEC Disclosure In Some Cases, as Dodd-Frank Chaffing Continues
October 21, 2011
Most of the major players in mortgage securitization support some of the new disclosures floated by the Securities and Exchange Commission in its revised shelf eligibility proposed rule – with a number of key changes and clarifications. Reflecting the investor’s perspective, the Asset Management Group of the Securities Industry and Financial Markets Association again “enthusiastically supported” the SEC’s proposal to mandate standardized disclosure at the asset level, believing that all of the asset-level data fields should be mandatory. “Well functioning markets require the disclosure of as much relevant asset-level data as...
The CFPB won't look the same, but also won't be eliminated, according to the DOJ.
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