Volume 2014 - Number 43
November 14, 2014
SFIG Releases Second Round of Consensus Standards Aimed at Restoring Confidence in Non-Agency RMBS
As part of its RMBS 3.0 initiative, the Structured Finance Industry Group this week released the second installment of its recommended best practices for the non-agency MBS market. New and revised material was released for each of the three major “work streams” in the project, which broadly cover: representation-and-warranty issues and repurchases; due diligence, data and disclosure; and the roles of transaction parties and bondholder communications. The 54 new pages released this week bring the cumulative work to about 125 pages, including appendices. In the reps-and-warranties section, new provisions cover...
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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