Reg AB II is not almost here
The SEC pulled Reg AB II rule-making from the Feb. 5 agenda.
So nothing happened. There’s no word on why it was pulled or when we will hear back.
Industry Standards
Regulation AB II is almost here!
The SEC announced that on Feb. 5 they will propose final changes to loan level data disclosures for all asset backed securities including CMBS. This rule, known as Reg AB II, is an update to the original Reg AB that governed securitization rules during the financial crisis.
C-MISMO standards coming this month
It’s been a housekeeping month with MISMO as we get ready to re-introduce and formally approve the rent roll and operating statement standards.
Feds issue risk retention rules
After more than two years of silence, federal regulators have begun issuing the final rules for securitization reform called for under Dodd Frank. This week, they issued the rules on risk retention.
Origination standards and technical support
I attended two MISMO meetings in the last few weeks, and we are making progress.