ASF to announce guidelines for mortgage securities

07/15/2009 | Wall Street Journal, The

The American Securitization Forum, an affiliate of SIFMA, will propose guidelines today that would shift more of the risk of mortgage securities onto the originating lenders and the firms that securitize the loans. The guidelines are part of an effort to restore the market's credibility and would be a "baseline for negotiations" between mortgage companies and investors, said Thomas Deutsch, deputy executive director of the ASF. Read the related SIFMA news release.

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