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Volume 2014 - Number 13

April 3, 2014

MBS/ABS Issuers, Sponsors Fear SEC’s Disclosure Proposal Would Result in Greater Liabilities, Risks

The Securities and Exchange Commission late last week gave the securities industry another month to file comments on a proposed rule that most participants already know they don’t like. Comments were originally due March 28 on the SEC’s latest proposal to require asset-backed securities issuers to make loan-level details about pending issues available to investors on their own websites, rather than the agency’s Electronic Data-Gathering, Analysis and Retrieval system. On the day the comment period ended, the SEC extended it to April 28. Many issuers and large banks think...

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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.

 

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