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Results: 1-10 of 23

Securities and Exchange Commission report to Congress on assigned credit ratings for structured finance products

  • Dechert LLP
  • -
  • USA
  • -
  • February 4 2013

Recently the Staff of the Division of Trading and Markets (the "Staff") of the U.S. Securities and Exchange Commission (the "Commission") published a

CFTC issues broad securitization industry relief on commodity pool regulation

  • Dechert LLP
  • -
  • USA
  • -
  • December 11 2012

On Friday, December 7, 2012, the U.S. Commodity Futures Trading Commission (CFTC), through its Division of Swap Dealer and Intermediary Oversight (Division), issued a letter which provides broad relief for certain segments of the securitization industry (December Relief

FHFA updates its strategic plan - charts course for a new securitization infrastructure

  • Dechert LLP
  • -
  • USA
  • -
  • October 31 2012

The Federal Housing Finance Agency recently released its strategic plan for fiscal years 2013 through 2017 and an update of its planning to replace the infrastructure currently used by Fannie Mae and Freddie Mac to support mortgage securitization

Securitization of renewable energy loans

  • Dechert LLP
  • -
  • USA
  • -
  • May 21 2012

Renewable energy sources have increasingly become a focal point of U.S. regulatory and financial institutions as well as trade associations and legislatures

Mapping the harbor: FDIC clarifies securitization safe harbor rules

  • Dechert LLP
  • -
  • USA
  • -
  • February 21 2012

On September 27, 2010, the Board of Directors of the Federal Deposit Insurance Corporation (“FDIC”) adopted new rules (the “Securitization Rules”) to apply to securitizations issued after the expiration on December 31, 2010 of the transitional safe harbor rule then in effect

Intercreditor issues: impact of select recent decisions on intercreditor rights

  • Dechert LLP
  • -
  • USA
  • -
  • February 6 2012

The explosive growth of mezzanine and other types of subordinate commercial real estate lending during the last two decades was enabled, in part, by the relative standardization of the intercreditor arrangements that governed the rights and obligations of senior and junior lenders

Update regarding the Chicago City Council vacant property registration and maintenance ordinance

  • Dechert LLP
  • -
  • USA
  • -
  • December 8 2011

An amendment to the ordinance addressing mortgagee and securitization trustee liability for vacant properties in Chicago (replacing the more onerous provisions of the ordinance that were passed by the Chicago City Council on July 28, 2011)1 recently became effective by unanimous vote of the Chicago City Council

City councils impose greater liability on mortgagees and securitization trustees

  • Dechert LLP
  • -
  • USA
  • -
  • October 17 2011

The city council of Springfield, Massachusetts recently approved ordinances relating to (i) mortgagee and securitization trustee liability for the maintenance of vacant residential real property or real property in foreclosure (the “Springfield Liability Ordinance”)1 and (ii) mandatory mediation programs between “creditors” and borrowers (the “Springfield Mediation Ordinance”

SEC proposes expansive conflict of interest rules

  • Dechert LLP
  • -
  • USA
  • -
  • October 6 2011

Section 621 of the Dodd-Frank Wall Street Reform and Consumer Protection Act was a reaction to securitizations structured such that the parties involved in arranging and marketing the transaction could profit from circumstances that might result in losses to the investors in the transaction

SEC issues final rules in connection with Exchange Act reporting for ABS issuers

  • Dechert LLP
  • -
  • USA
  • -
  • September 15 2011

The Securities and Exchange Commission (the “SEC”) on August 17 promulgated final rules (the “Rules”) regarding an asset-backed securities (“ABS”) issuer’s duty to file reports under the Securities Exchange Act of 1934 (the “Exchange Act”