Industry News

SEC blesses workouts on securitized loans

Lenders won't have to put loans back on balance sheets
Published on Jul 26, 2007

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

The Securities and Exchange Commission says lenders don’t have to put mortgage loans they hold through securitization trusts back on their balance sheets if the trusts that service the loans engage in workouts with troubled borrowers. The SEC’s opinion — ...