On October 30, the SEC requested public input on asset-level disclosure requirements for residential mortgage-backed securities (RMBS). The current requirements, which were adopted in 2014 in response to the financial crisis, require issuers to disclose a wide range of data on each mortgage loan in the underlying pool at the time of an offering and on an ongoing basis. As previously covered by InfoBytes, in September, the U.S. Treasury Department released a Housing Reform Plan, which, among other things, recommended that the SEC review the RMBS asset-level disclosure requirements to assess the number of required reporting fields and to clarify certain defined terms for SEC-registered private-label securitization offerings. In response to Treasury’s plan, Chairman Clayton requests that SEC staff assess the “RMBS asset-level disclosure requirements with an eye toward facilitating SEC-registered offerings,” and seeks public input on a variety of questions related to the topic, including (i) whether the circumstances in the RMBS market have changed since the financial crisis and the 2014 adoption of the requirements; (ii) whether one or more data points in the requirements should be revised and why; and (iii) whether any data points should be eliminated and if elimination would result in any adverse effects. The announcement does not contain a deadline for members of the public to submit their input.