Trustees Want Standardized ABS Disclosures, Higher Compensation for Doing More Work
April 15, 2005
Securitization trustees are struggling to re-define their role in a market where investors are clamoring for them to do more work for less money and new disclosure regulations could significantly increase their compliance burden. That was the message delivered to participants at the recent Housing Finance Summit, in Jacksonville, FL, sponsored by Opal Financial Group. Several observers noted an increasing complexity in structured finance deals – particularly in the MBS market, where derivatives are…