Abstract
The Securities Exchange Commission9s (SEC9s) Regulation AB (Reg AB) went into effect January 1, 2006 in an effort to increase transparency among public asset-backed securities. Item 1105 of Reg AB addresses static pool reporting requirements, providing guidance on materiality decisions and historical performance, the presentation of original deal characteristics, performance data, and the format of the data. Static pool reporting tracks historical information on prior securitized transactions, or from loans originated from the same vintage of similar assets, to assist investors in predicting expected future performance and analyzing credit risk associated with a transaction by providing historical information on delinquencies, charge-offs, and prepayments. This article is an analysis of research on 61 residential mortgage-backed securities (RMBS) and home equity sponsors9 static pool reporting through their websites, prospectuses (424B5s), and 8-K filings. <b>TOPICS:</b>MBS and residential mortgage loans, exchanges/markets/clearinghouses
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
