With the Changes in the Securitization Markets, Are You Getting All You Are Entitled To and Are You Protected?
With the regulatory and legal aspects of the capital markets world constantly changing, where does your company stand in making sure that the originator, the trustee, the servicer and the investment bank are following their contractual requirements.
The principal of Securitized Asset Surveillance and Analysis (SASA) has extensive experience in origination and servicing of asset back securities, including sub-prime mortgage loans, auto loans, credit cards and student loans.
To date, these asset classes have exceeded their initial stress levels. Due to this increased stress, parties to the transactions have taken additional steps to limit their own exposure in these transactions. Slow responses to repurchase requests, changes in servicing standards, modifications that only help certain investors, facilitating foreclosures and REO sales, cram-downs of changes to pooling and servicing agreements and possible violations of terms in operational documents and regulator requirements have put investors on the defensive. SASA can design a step-by-step, cost-effective plan for Investors to make sure you are achieving optimum return on your investment in various asset-backed securities.
We offer:
- Document analysis of the securitization structures
- Review of servicing functions and actions taken by servicers
- Analysis of Reg AB reporting and Trustee Statements
- Determination of proper cash flow
- Short-term and long-term assistance in developing continuous monitoring
- Tactical litigation analysis
