On March 27, SFA submitted a comment letter to the Securities and Exchange Commission (SEC) regarding their recently re-proposed rule on the “Prohibition of Conflicts of Interest in Securitizations.” In the letter, SFA highlights that with the sweeping scope...
Read MoreThe SFA ATR/QM Task Force will work to update the uniform best practice testing standards for performing due diligence on qualified mortgage (QM) loans. Discussion topics will include seasoned loan review, guideline exceptions/foot faults, bank...
Read MoreSFA’s RMBS Data Tape Task Force will be meeting for a series of weekly calls on Fridays from 1:00-2:00PM ET, starting March 31st. This task force aims to standardize the reporting of material information in...
Read MoreAs part of SFA’s work to develop an ESG reporting and disclosure framework for RMBS, SFA will host a webinar with guest speakers Steve Baden and Laurel Elam, from the Residential Energy Services Network (RESNET), to present and...
Read MoreThe SFA Market Snapshot reports that private market volume fell 45% behind the issuance in January 2022 in RMBS, CMBS, ABS and CLOs, with the most pronounced lag in non-agency RMBS and CMBS. Still-strong investor demand, amidst...
Read MoreOn Friday February 17, SFA submitted two comment letters to the NAIC. The first letter was addressed to the RBCIRE Working Group and discusses Proposed Interim capital levels. This letter notes a split in in member views...
Read MoreLast week, SFA, alongside 11 financial trade associations, submitted a letter to the SEC requesting an extension to the comment period for the recently reproposed rule on Conflicts of Interest in Securitizations. The current deadline for comments is...
Read MoreSFA hosted a webinar this week where industry leaders shared their perspectives on utilizing structured finance as a tool during a distressed economic environment. The discussion focused on: Distressed Scenarios and Restructuring Strategies Applications of...
Read MoreSFA to Reconvene Auto ABS and RMBS ESG Working Groups Next week, SFA will reconvene its Auto ABS and RMBS ESG working groups that are focused on constructing best practices for ESG disclosure and reporting....
Read MoreOn December 13, the Senate Banking Committee advanced the nominations of three FDIC officials to a full Senate vote. The Committee voted 13-11 to approve the nomination of acting Chairman Martin Gruenberg to be the...
Read MoreOn December 12, the Consumer Financial Protection Bureau (CFPB) proposed a rule that would require certain nonbank financial firms to personally register consumer protection orders filed against them by other federal agencies, courts, or states...
Read MoreOn December 14, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra testified before the House Financial Services Committee followed by the Senate Banking Committee on December 15. Chopra addressed questions regarding the CFPB’s regulatory agenda,...
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