The Simple Life: A Look at Securitization Related Regulatory Reform Proposals


It’s not about Paris Hilton and Nicole Ritchie—at least not this time. It’s maybe more along the lines of that other great duo’s (Emerson’s and Thoreau’s) credo, the “return to simplicity” movement. Only this time it’s simplicity and mortgage-backed securities. Historically, those were not two things that one would have put together in the same phrase. But, we’re getting ahead of ourselves. Over the past two years, the nation has faced what has been described as the most severe financial crisis since the Great Depression. Subprime mortgages originated and then sold in “securitization” vehicles in the secondary market have been blamed as being one of, or the principal, cause of the problem. Maybe that’s enough to have shocked some into advocating in favor of “plain vanilla” and simple structures. On June 17th, the Obama Administration released its white paper, titled “Financial Regulatory Reform: A New Foundation,” which proposes fundamental reforms to the financial regulatory system, including reforms that would affect the regulation of mortgages and the secondary mortgage market. The mortgage-related reforms include....

Please see full bulletin for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Morrison & Foerster LLP | Attorney Advertising

Written by:


Morrison & Foerster LLP on:

Popular Topics
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.