Major Securitization Players Forming New Trade Group; Deutsch Claims ASF Still Functioning
March 14, 2013
A number of significant former members of the American Securitization Forum are working to form a new trade group, with a formal announcement possible as soon as this week. Meanwhile, Tom Deutsch, executive director of the ASF, said his group continues to work with more than 300 members. As many as 30 firms could be a part of a new securitization trade group, with the name Structured Finance Industry Group being considered. Wells Fargo has confirmed that it will be a member of the new group. Other firms that recently quit the ASFs board or otherwise ended their membership with the ASF include...