SEC Rule Should Require More Data on Loan-to-Value Ratios of Structured Mortgages, Insurance Group Argues
August 24, 2004
Private mortgage insurers are urging the Securities and Exchange Commission to amend a proposed MBS and ABS disclosure rule to ensure that investors truly understand the loan-to-value ratios of the securities they buy. “Investors that lack clear LTV information will not benefit from the overall effort to improve investor understanding of credit risk,” the Mortgage Insurance Companies of America warned in a comment letter on a massive SEC proposal that would formalize existing guidance and industry…