Trustees Forced Into Corner by Push For Loan Mods, ‘Tranche Warfare’
February 27, 2009
MBS trustees have not been shielded from the problems brought on by the mess in the mortgage market and increasingly find themselves in a tough spot thanks to increased pressure from all parties involved in securitization, according to experts at the recent American Securitization Forum annual conference in Las Vegas. Trustees, who handle the administrative tasks for securitization...