SFA’s Third-Party Review/Due Diligence Working Group has drafted a fourth iteration of the TRID Compliance Review Scope. TILA-RESPA Integrated Disclosure (TRID) Rules were developed by the CFPB to help prospective borrowers understand mortgage loan terms,...
Read MoreThis Monday, October 10th, the European Commission (EC) published their long-awaited review of the functioning of the EU Securitization Regulation. Of particular note is the EC’s interpretation of mandated EU investor due diligence and transparency requirements....
Read MoreSFA’s Market Snapshot presents updates on new issuance of RMBS and CMBS (both agency and non-agency), ABS and CLOs in a month where investors sought the relative safety of highly-rated securitizations amidst broader market volatility. Auto loan...
Read MoreOn September 30, SFA submitted an amicus brief to the Third Circuit Appellate in the CFPB v. NCSLT case. The brief further supports SFA’s advocacy efforts, reinforcing the negative impact on the securitization market if...
Read MoreSFA’s Research Corner reviews non-agency RMBS and the recent trends in cash-out refinancings, a loan product that was prevalent in the run up to the 2008 housing crisis. While levels of cash-out refi’s have risen...
Read MoreOn September 22, the Consumer Financial Protection Bureau (CFPB) published a Request for Information (RFI) on targeted and streamlined mortgage refinances, as well as on mortgage forbearance and other loss mitigation. SFA has a launched a new...
Read MoreSFA’s CEO Michael Bright on FOX Business Our CEO, Michael Bright, recently joined FOX Business to discuss the volatile state of the market. Click here to watch.
Read MoreSFA’s CEO Michael Bright on Fox 5 DC Our CEO, Michael Bright, recently joined FOX 5 DC to discuss the current market volatility. Click here to watch.
Read MoreThirty-four corporate obligors whose leveraged loans are held by U.S. Corporate Loan Obligations (CLOs) were downgraded in August. This is the highest monthly number of CLO-held loan downgrades since July 2020, according to S&P’s SF Credit Brief....
Read MoreThis Monday, September 12, SFA submitted a comment letter to the Federal Trade Commission (FTC) in response to their proposal related to the sale, financing, and leasing of motor vehicles by dealers. The proposal aims to address unfair...
Read MoreStructured Finance Association Supports the Fed LIBOR Proposal with Some Remaining Clarifications Needed WASHINGTON, August 30, 2022 – The Structured Finance Association (SFA) submitted a letter to the Board of Governors of the Federal Reserve...
Read MoreSFA CEO Michael Bright Featured on LX News SFA's CEO, Michael Bright, appeared on LX News, where he discusses the impact of increasing costs in the housing market. Click here to watch.
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