Structured Finance
Association
Dedicated to helping the economy grow by safely enabling greater credit access to industry, consumers and investors.
SFA Conflict of Interest Resource Hub
Our SFA Conflict of Interest Resource Hub aggregates key materials to keep you informed on this critical issue, along with insights from our members to provide diverse perspectives and valuable commentary.
Upcoming Events
SFA Tax Policy Committee: In-Person Meeting
SFA RMBS Symposium 2025
WiS Fall Diamond Workshop
SFAcademy: The Bootcamp Series
SFAcademy is an educational program for professionals in structured finance. Through the Bootcamp Series, members can explore the essentials of securitization and asset classes with real-life examples, delivered in accessible, bi-weekly sessions.
Research Corner
SFA Research Corner: Private Ratings in Focus as Private Credit Market Grows
May 15, 2025
Private ratings—also known as private letter ratings (PLRs) or credit estimates—are gaining traction as insurers ramp up exposure to private credit. Used primarily for privately placed securities, PLRs accounted for 42% of NAIC-reviewed filings in 2024, up from 25% in 2023. Recently addressed by both NAIC and SEC, PLRs are becoming a focal point inContinue reading “Homepage”
SFA News
SFA CEO Michael Bright Discusses Mortgage Market Guardrails on FOX Business
Structured Finance Association CEO Michael Bright joined The Bottom Line on FOX Business to discuss the potential implications of making mortgage giants Fannie Mae and…
SEC Atkins May Seek to Increase Investor Access to Private Markets
Securities and Exchange Commission Chairman Paul Atkins stated that he is open to changing SEC rules that currently restrict the sale of closed-end funds that…
AB: Decision to Privatize the GSE’s Must Come from the President
According to American Banker, Federal Housing Finance Agency (FHFA) Director Bill Pulte stated on Monday that the decision to end the GSE’s conservatorship must come from the…
US Borrowing Costs Rise After Credit Downgrade
The downgrade of the U.S.’s sovereign credit rating has caused borrowing costs for the U.S. government to rise. Reasons for the downgrade include questions about…
Structured Finance Association Response to President Trump’s Post on Fannie Mae and Freddie Mac
WASHINGTON, May 22, 2025 – The Structured Finance Association, a leading trade association representing the structured finance and securitization industry, urges the federal government to proceed…