WASHINGTON, November 14, 2025 – The Structured Finance Association (SFA), a leading trade association representing the structured finance and securitization industry, applauds Congressman Scott Fitzgerald (R-WI) for his letter to the Securities and Exchange Commission (SEC) encouraging the modernization of Regulation AB II and a renewed focus on revitalizing the public residential mortgage-backed securities (RMBS) market.
Congressman Fitzgerald’s letter commends the SEC for including “Asset-Backed Securities Registration and Disclosure Enhancements” on its Spring 2025 Unified Agenda and for soliciting public feedback through a concept release. Rep. Fitzgerald also highlights the importance of strengthening Regulation AB II to support investor confidence, improve market transparency, and expand access to affordable mortgage credit.
“A vibrant public RMBS market is essential to expanding mortgage credit, lowering costs for families, and ensuring a resilient housing finance system,” said Michael Bright, CEO of the Structured Finance Association. “We commend Congressman Fitzgerald for recognizing the importance of modernizing Regulation AB II and for his leadership in supporting a healthy and transparent securitization market that benefits both investors and borrowers.”
SFA and its members strongly support efforts to enhance the disclosure framework and reporting requirements for RMBS in ways that reflect today’s market realities and investor needs.
“Congressman Fitzgerald’s letter underscores the importance of revitalizing the public RMBS market alongside the private one,” said Daniel Grattan, Global Head of Advocacy for the Structured Finance Association. “A thoughtful modernization of Regulation AB II will expand participation from long-term investors like insurance companies and REITs, increase the flow of private capital, and ultimately make mortgage credit more accessible and affordable for American families.”
About the Structured Finance Association:
With more than 370 member institutions comprised of accounting firms, broker/dealers, diversified financial intermediaries, investors, issuers, IT vendors, law firms, mortgage insurers, other small financial institutions, rating agencies, servicers, and trustees, SFA is the leading voice for the global securitization industry.
SFA is focused on helping grow the real economy and improving the lives of individuals, families, businesses; helping make credit more affordable and available to people who need it to finance some of life’s biggest goals — education, car purchases, starting a business, buying a home — or reduce their debt through consolidation loans; safeguarding essential protections for consumers and the financial system; facilitating valuable dialogue among the financial services market, its practitioners, policymakers and the broader public; and recognizing that all finance entails risk, but it should not involve recklessness.
For inquiries, please contact:
Walt Cronkite, Director of Communications, SFA