Alternative method to safeguard recipients of loans packaged in asset-backed securities

• Localización: Strategic Finance, ISSN-e 1524-833X, Vol. 96, Nº. 4, 2014, págs. 24-26
• Idioma: inglés
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• Resumen

  • The article discusses the proposed alternative method by the U.S. Securities and Exchange Commission (SEC) to secure privacy protections of borrower of asset-backed securities (ABS). The proposal does not require loan originators to disclose personal information of obligor such as name, address, and the ZIP code of the property. The loan package under ABS is being offered to small and midsize businesses.