Tag Archives: Securitization

OSFI issues final guideline on asset securitization

The Office of the Superintendent of Financial Institutions (OSFI) has issued a final version of Guideline B-5: Asset Securitization (the Guideline), which sets out OSFI’s general expectations for asset securitization transactions undertaken by federally regulated insurance companies. The existing guideline … Continue reading

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Relief for Securitization Vehicles: Mortgage Modification under Foreclosure Prevention Program

In a recently-issued Revenue Procedure (Rev. Proc. 2008-28), the IRS states that the modification of certain mortgage loans under foreclosure prevention programs involving, for example, interest rate reductions, principal forgiveness, extensions of maturity and alterations in the timing of changes … Continue reading

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Upcoming Max Gardner Seminar: UCC's Impact on Securitization and Foreclosure Defense

Attention Foreclosure Defense Attorneys… It's time to take it up a notch or two… MAX GARDNER PRESENTS… WHAT YOU NEED TO KNOW ABOUT THE UCC FOR FORECLOSURE DEFENSE For attorneys engaged in foreclosure defense today, Max Gardner's seminars are always … Continue reading

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ABA Asks SEC to Follow Legislative History When Adopting Securitization Conflict of Interest Regulations

In a joint comment letter to the SEC, the American Bar Association Committees on Federal Securities Regulation and Securitization ask the Commission to permit a broad range of common activities that they believe are essential to the functioning of securitization … Continue reading

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