Volume 2014 - Number 19
May 16, 2014
Sen. Warren’s Student-Loan Refinancing Measure A Negative for ABS in That Space, Analysts Say
Legislation introduced earlier this month by Sen. Elizabeth Warren, D-MA, to facilitate refinance options for struggling student loan borrowers could negatively affect existing student loan ABS trusts while benefitting certain kinds of bonds at the expense of others, according to Wall Street analysts that closely follow the space. Overall, it’s considered a negative. The good news is, the legislation isn’t expected to be enacted this year. The bad news is, other similar measures are expected to emerge after the November elections. Introduced May 6, 2014, S. 2292, the “Bank on Students Emergency Loan Refinancing Act,” would permit...
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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