Corporate Finance | Capital Markets, Federal Tax, and Structured Finance + Securitization
Over the past two years, the nation has faced what has been described as the most severe financial crisis since the Great Depression. Subprime mortgages originated and then sold in “securitization” vehicles in the secondary market have been blamed as being one of, or the principal, cause of the problem. The Obama Administration has proposed fundamental reforms to the financial regulatory system, including reforms that would affect the regulation of mortgages and the secondary mortgage market. At the same time, a number of accounting changes have been released that also would affect the securitization market. Panelists discussed FASB 166 and 167 and implications for issuers.
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