ASF aims to head off skin-in-the-game rules

01 Sep 2011

The American Securitization Forum released a model on Tuesday that aims to resolve the reps and warranties storm around the US RMBS market and head off incoming risk retention rules.

The industry body has laid down principles for banks asked to repurchase collateral from RMBS with newly originated mortgages.

The ASF’s model framework for reps and warranties also aims to block new rules on risk retention. The industry body argued that "skin-in-the-game for originators and issuers of RMBS ...

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