As anticipated, Japan’s Financial Supervisory Authority (FSA) has released its final risk retention rule (in Japanese) in substantially the same form (including as to grandfathering) as FSA had previously published last December. Our chart comparing the Japanese proposal with existing
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Mayer Brown’s structured finance bulletin
In this inaugural edition of our Structured Finance Bulletin, we discuss some trending issues that began impacting the structured finance and asset-backed and mortgage-backed securities spaces in late 2018, which will play a more prominent role in the execution and
Top 10 issues in M&A for securitization sponsors and servicers
Mergers and acquisition transactions for securitization sponsors and servicers present unique issues that require in depth knowledge of the underlying securitization structures and risks, as well as related financing, regulatory and technology issues.
CFPB seeks information for PACE financing for possible regulations
Congress amended the Truth in Lending Act in May 2018 by directing the Consumer Finance Protection Bureau to prescribe ability-to-repay regulations with respect to Property Assessed Clean Energy (“PACE”) financing. PACE financing helps homeowners cover the costs of home improvements,
Comparison of EU, US and Japanese risk retention rules
As more countries propose and implement risk retention rules for securitisation transactions, a few Mayer Brown attorneys have prepared a helpful chart comparing the EU, US and Japanese securitisation risk retention rules.
Securitisation 2019 – Germany
Chambers and Partners published recently its Practice Guide Securitisation 2019. Mayer Brown’s German securitization lawyers were pleased to contribute the Germany chapter.
Asset based finance and in particular securitisations are an important tool to provide funding to the economy
Freddie Mac’s investor reporting changes
Freddie Mac is revising its reporting cycle for greater alignment with Fannie Mae and Ginnie Mae, and to help pave the way for Fannie Mae’s and Freddie Mac’s joint initiative to develop a single mortgage-backed security for issuance by both.
101: Repurchase facilities to finance mortgage loans
A repurchase facility (“Repurchase Facility”) is a financing arrangement pursuant to which a bank or other credit institution (a “Buyer”) provides liquidity to an entity that originates or acquires real estate related assets (a “Seller”) by purchasing such assets with
