The majority of the American Securitization Forum’s board of directors resigned recently and a number of significant members have quit the trade group due to concerns about governance of the ASF and bonuses paid to Tom Deutsch, the group’s executive director. The problems stem from the ASF’s abrupt separation from the Securities Industry and Financial Markets Association in early 2010. “The separation and related negotiations from SIFMA have frankly been messier and more difficult than anyone expected,” Deutsch said this week, indicating that while the groups separated in 2010 and appeared to operate independently, the split was never quite finished. “We look forward to concluding those negotiations with SIFMA in short order and keeping our focus on the key tasks of meeting the looming implementation challenges of the Dodd-Frank Act.” SIFMA officials refused...