On March 19, 2024, the Third Circuit handed down a decision that statutory trusts used as issuing entities for securitizations are considered “covered persons” for purposes of the Consumer Financial Protection Act ("CFPA"),...more
On November 27, 2023, the Securities and Exchange Commission (the “Commission”) adopted Rule 192 under the Securities Act of 1933 (the “Securities Act”), a rule that is designed to prohibit “material conflicts of interest” in...more
On January 25, 2023, the Securities and Exchange Commission (“SEC” or “Commission”) issued a release (the “Re-Proposal”) proposing Rule 192 under the Securities Act of 1933, as amended (the “Securities Act”), a rule that is...more
This memorandum provides an update regarding the further delay in the application of the transparency regulatory technical standards (“RTS”) (which include the new reporting templates) under the EU Securitisation Regulation....more
On October 16, 2018, the New York State Court of Appeals held that contractual attempts to extend the statute of limitations for causes of action involving breaches of contract are unenforceable because they violate New York...more
10/19/2018
/ Appeals ,
Breach of Contract ,
Cause of Action Accrual ,
Mortgages ,
Motion to Dismiss ,
Nonconforming Use ,
Quicken Loans ,
Representations and Warranties ,
RMBS ,
Securitization ,
Statute of Limitations ,
Time-Barred Claims ,
Trusts
This briefing reviews developments in European CMBS since the financial crisis and focuses on (1) 2011-15 European CMBS transactions (“2011-15 European CMBS”); (2) 2017-18 European CMBS (“2017-18 European CMBS”)...more
On October 22, 2014, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, the Federal Housing...more
8/23/2016
/ Asset-Backed Securities ,
Bonds ,
Capital Structures ,
CMBS ,
Commercial Real Estate Market ,
FDIC ,
Federal Reserve ,
FHFA ,
Final Rules ,
Horizontal Residual Interest ,
HUD ,
Insolvency ,
Majority-Owned Affiliate (MOA) ,
Mortgages ,
OCC ,
Originators ,
Popular ,
Promissory Notes ,
Regulation AB ,
Reorganizations ,
Retaining Party ,
Risk Retention ,
Securities and Exchange Commission (SEC) ,
Securitization ,
Sponsors ,
Third Party Purchaser (TPP) ,
Transfer of Interest
On August 27, 2014, the Securities and Exchange Commission (the “SEC”) adopted two final rules implementing new regulations affecting asset-backed securities (“ABS”). The first set of rules, referred to in this memorandum as...more