|
ABS-15G
|
|
ABS-15G is a form that all securitizers of asset backed securities in the US are required to file. It details the amount of representation & warrants claims a particular trust has received from in investors. In the wake of the housing crisis of 2007/2008, investors realized the underwriting standards that were advertised in securitization documents including prospectuses and pooling and servicing agreements were not adhered to. Mortgage security Investors claim that amongst many breached many borrowers did not have the income that banks asserts they had in legal documents. As a result, there are currently multiple lawsuits against deal sponsors outstanding. Dodd-Frank rules which came into effect in 2012 now require securitizers to disclose: *the dollar amount of claims filed and claims outstanding *the breakout the claims that resulted in successful putbacks versus those that did not The data for all securitizers is publicly available by ThinkNum.com 
|
| < Prev | Next > |
|---|
Main Menu
| Home |
| Articles |
| Search |
| Submit Article |
| Contact Us |
| Donate to Wikibin |
