News

Read the latest articles and press releases about securitization and structured finance.

Press Releases

Structured Finance Association Provides Recommendations on ABS Climate Disclosures in Letter to SEC

The Structured Finance Association (SFA) submitted a letter to the U.S. Securities and Exchange Commission (SEC) in response to the SEC’s proposed rule “The Enhancement and Standardization of Climate-Related Disclosures for Investors” (the “Proposed Rule”).

Press Releases

Structured Finance Association Statement on New Basis Point Guarantee on UMBS Collateral

The Structured Finance Association (SFA) is gathering market feedback on the new upfront 50 basis point cross-collateral guarantee on Uniform Mortgage-Backed Securities (UMBS) underlying certain TBA securities that was announced by Fannie Mae and Freddie Mac.

Press Releases

Structured Finance Association Statement on Confirmation of Sandra Thompson to Lead FHFA

The Structured Finance Association (SFA) released the following statement after the U.S. Senate confirmed Sandra Thompson to lead the Federal Housing Finance Agency (FHFA) by a vote of 49 to 46.

Press Releases

Structured Finance Foundation Honors UDC Scholarship Recipients

The Structured Finance Foundation, an affiliate of the Structured Finance Association (SFA), on Friday, May 13, 2022 honored recipients of a scholarship it established at the University of the District of Columbia (UDC) for students pursuing an undergraduate or graduate degree in finance, accounting, or economics in the School of Business and Public Administration. The scholarship was established in 2020 with a gift of $80,000. Manda Burnham and Hansi Lara Cruz were both awarded a $10,000 scholarship at a ceremony on campus.

Press Releases

SFA Urges S&P Global to Address Fatal Flaws in Their Proposed Changes to Insurer Ratings Criteria

The Structured Finance Association (SFA) responded to S&P’s recently proposed changes to their insurer risk-based capital adequacy methodology and assumptions. If implemented as proposed, the changes would greatly impact the credit quality assessments of investments rated solely by the other rating agencies as well as those that are unrated, creating far reaching impact in the market by embedding inefficiencies in the allocation of insurance company capital in financial markets.

Press Releases

Structured Finance Association Applauds Inclusion of LIBOR Language in ‘Omnibus’ Government Funding Bill

The Structured Finance Association (SFA) applauded inclusion of language in the Consolidated Appropriations Act, 2022 – also known as the “omnibus” government funding bill – that would ease the transition away from the London Inter-Bank Offered Rate (LIBOR), which is the benchmark index currently used to determine the interest rate that investors receive on floating-rate bonds and consumers and businesses pay on some loans.

Press Releases

Structured Finance Association Welcomes Court Rulings in Favor of ‘Valid-When-Made’ Doctrine

The Structured Finance Association welcomed separate court rulings affirming the “valid-when-made” doctrine, a nearly 200-year-old principle in contract law that ensures the interest on a loan permissible before transfer continues to be permissible after. The rulings granted summary judgment to the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC), signaling that the rules in question were properly set forth and promulgated by the respective agencies.

Press Releases

Market Alert – From the Desk of Our President

After celebrating last week’s very positive event in the House of Representatives with the overwhelming passage of the federal LIBOR bill by a vote of 415 – 9, this week has brought a few challenging developments to our market.

Press Releases

Structured Finance Association CEO to Appear Before Senate Banking Committee on LIBOR Transition

Structured Finance Association CEO to Appear Before Senate Banking Committee on LIBOR Transition -Bright Will Tell Congress $16 Trillion in ‘Tough Legacy” LIBOR Contracts ‘Impact a Broad Range of American Households and Communities,’ Pose ‘Serious Risk’ to Financial System Absent Legislative Action

Press Releases

Structured Finance Association Applauds Fannie Mae Return to CRT Issuance

SFA released the following statement after Fannie Mae priced its first Agency Credit Risk Transfer (CRT) transaction since February 2020.

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