SEC Mandate On ABS Called Worthless

24 Jan 2011

The U.S. Securities and Exchange Commission’s regulation that issuers of asset-backed securities conduct review of loans and leased packaged into the ABS is “worthless,” according Sue Allon, founder of Allonhill, a mortgage-review firm.

The U.S. Securities and Exchange Commission’s regulation that issuers of asset-backed securities conduct review of loans and leased packaged into the ABS is “worthless,” according Sue Allon, founder of Allonhill, a mortgage-review firm. Commenting on the SEC mandate approved Jan. 20, Allon said that allowing issuers to evaluate ...

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