May 2007

By Vincent R. Cappucci and Michael H. Rosner — The 2007 Global Securitization Guide

As the subprime mortgage market remains in turmoil, the securitization industry faces increasing pressure and attention from federal and state policy-makers. Industry participants are seeking to avoid legally mandated forbearance for delinquent borrowers, imposition of liability on secondary market participants for mortgage lending violations (so-called "assignee liability"), and any banning of non-traditional mortgage products.

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