New Disclosure Rules Require Substantial Preparation for ABS Participants 

The Securities and Exchange Commission (SEC) has had a busy year adopting new rules for asset backed securities (ABS) with significant emphasis on mortgage and auto deals.  Originators, aggregators and issuers of RMBS are dealing with an abundance of regulatory change. On the heels of ATR/QM, the industry has been levied with QRM/risk retention rules,pre-securitization due diligence reporting, and rigorous disclosure requirements under Regulation AB.   CLICK HERE to read more.