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Industry Groups Speak Out On Safe Harbor February 22, 2010

--Olivia Thetgyi

A slew of industry organizations submitted comment letters in response to the Federal Deposit Insurance Corp.’s proposed new rules on safe harbor today, the deadline for such comments. The American Securitization Forum, the Securities Industry and Financial Markets Association’s securitization group, the Mortgage Bankers Association and the Commercial Mortgage Securities Association sent in responses to the regulator, all voicing generally the same concerns that the FDIC was working by itself and without the input of other agencies. Another common point of agreement is that the safe ...

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