ASF Best Practices Aim to Shed More Light on the Mechanics of Home-Equity Performance Triggers
The American Securitization Forum is touting a new best practices slate that it claims could help enhance the transparency of performance triggers embedded in home-equity deals. “Greater transparency and common terminology enable investors to more easily evaluate the merits of different mechanisms for themselves, leading to greater comfort with the triggers and a more liquid, efficient market for home-equity loans,” said George Miller, executive director of the ASF, an industry group that represents issuers…