Volume 2014 - Number 8
February 28, 2014
SEC Commissioner Urges Regulator to Take Action on Rating Services, Following Up on Franken Amendment
Kara Stein, a commissioner at the Securities and Exchange Commission, said the SEC needs to take action regarding the rating services. It was one of many recent MBS-related calls for action directed at the SEC, from the agency's leadership, Congress and industry analysts. "We need to finally and firmly address the conflicts of interest in asset-backed securitizations and the provision of credit ratings," Stein said in a speech late last week. She noted...
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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