November 12, 2015 Newsletter
To ensure receipt of this newsletter, please add info@sfindustry.org to your address book. 
Problem viewing this email? Click here for our online version.
November 12, 2015
 
 
SFIG News

Issue Spotlight

Industry Jobs

SFIG Calendar

Meetings

Events

Advocacy Outlook

Industry News Highlights

 
SFIG NEWS
SFIG RELEASES RMBS 3.0 THIRD EDITION GREEN PAPERS

On Tuesday, November 10th, SFIG released the Third Edition Green Papers. This release substantially builds upon our growing series of Green Papers, which are aimed at restoring confidence to the “private label” residential mortgage-backed securities (“RMBS”) market.

The papers are a product of SFIG’s RMBS 3.0 initiative (“RMBS 3.0”) and expand upon the First and Second Editions, released in 2014. Included in the Third Edition is:

  • The addition of 39 model Representations and Warranties, including a range of proposed standardized constructs. This release completes the full framework of 47 representations and warranties.
  • A Transaction Parties Roles and Functions Matrix, designed to provide clarity as to the roles and responsibilities of transaction parties, including a Deal Agent.

The Green Papers are preliminary documents released with the aim of stimulating further debate and discussion, and SFIG is looking forward to continuing further development of the substantive topics included in the Third Edition.

The release of SFIG’s Third Edition Green Papers coincides with SFIG & IMN’s Private Label RMBS Reform Symposium, taking place today in New York. This symposium brings together investors, issuers, and other industry participants to continue addressing the major obstacles inhibiting revitalization of a private label RMBS market, as well as the potential solutions presented in the Third Edition Green Papers.

Representative Scott Garrett (R-NJ) delivered the keynote address, and the day’s sessions addressed new developments in PLS reform as well as items on the forward looking agenda.

SFIG encourages interested members to join the RMBS 3.0 Task Force and contribute to the ongoing dialogue surrounding the updates and new topics released in today’s Green Papers, as well as future subject areas. To learn more about RMBS 3.0 and join the Task Force, please contact Amanda.Bateman@sfindustry.org.

 
 
GARRETT KEYNOTES SFIG'S PLS SYMPOSIUM, APPLAUDS INDUSTRY'S RMBS 3.0 PROGRAM

This morning, Congressman Scott Garrett (R-NJ) keynoted SFIG and IMN's PLS Symposium to discuss housing finance reform and ways to bring back private capital to the marketplace. The symposium drew over 400 market participants to discuss how to revive the PLS market.

In his speech, Congressman Garrett applauded industry efforts to bring standardization to the PLS process. "SFIG has taken the lead in standardization where the government couldn't," stated Garrett.

Mr. Garrett also highlighted the difficulties in tackling housing finance reform before the elections. However, he outlined the following interim steps that could be addressed, including:

  1. A continuation of SFIG's RMBS 3.0 initiative, including a dependable set of representations and warranties
  2. Up-front confirmation of compliance with regulations and contractual terms 
  3. Increase credit risk transfer transactions to increase private sector participation in the housing market
  4. Enhance mortgage servicing data as an FHFA priority
  5. Ensure g-fees accurately reflect the risk of an Agency transaction
  6. Ensure that capital and liquidity rules incentivize issuance and investment

If you would like to participate in SFIG's RMBS 3.0 Task Force, please contact Amanda.Bateman@sfindustry.org.

 
 
MOODY'S CALLS RMBS 3.0 TRANSACTION PARTY MATRIX A CREDIT POSITIVE FOR PLS

On Wednesday, November 11th, Moody’s Investor Services published a report describing how SFIG’s RMBS 3.0 Transaction Parties framework is a credit positive for private label MBS. According to Moody’s the framework will help to create a stronger governance structure for PLS due to two beneficial features: the expanded transaction parties framework, and the inclusion of a deal agent role to provide independent oversight of the trust and represent investors’ interests.

Moody’s states that the comprehensive list of transaction parties’ roles and responsibilities strengthens RMBS transaction governance by identifying the parties accountable for each part of the transaction and providing clear expectations for each participant. The report describes the framework as a “benchmark giving market participants an easy reference point with which to compare the governance framework of any particular transaction to evaluate risk.”

The Transaction Parties Matrix is a key element of SFIG’s RMBS 3.0 Third Edition Green Papers released on Tuesday. To learn more about RMBS 3.0 or to engage in its future work, please contact Amanda.Bateman@sfindustry.org

 
 
SFIG, JOINT-TRADES SUBMIT LETTER TO THE BANKING AGENCIES ADDRESSING HOA ‘SUPER-PRIORITY’ LIENS

On Tuesday, November 10th, SFIG, sent a joint-trade association letter to the Federal Reserve, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency (“Banking Agencies”) urging them to implement standards or guidelines to prevent homeowners’ association (“HOA”) super-priority liens from having the capacity to extinguish a prior perfected and recorded mortgage lien.

The letter notes that the Federal Housing Finance Agency has stated that it will not consent to the extinguishment of any lien of a Fannie Mae or Freddie Mac backed loan by an HOA purporting to foreclose such a “super-priority” lien, citing federal preemption authority.

SFIG was joined by the Association of Mortgage Investors, American Bankers Association, American Financial Services Association, Housing Policy Council of the Financial Services Roundtable, Mortgage Bankers Association and Securities Industry and Financial Markets Association in submitting the letter to the Banking Agencies.

Please contact Amanda.Bateman@sfindustry.org if you would like to participate in SFIG’s Residential Mortgage Committee.

 
 
SFIG CONTINUES ADVOCACY EFFORT FOR FULL MORTGAGE REIT INVESTMENT IN GSE CREDIT RISK SHARING TRANSACTIONS

Last week, SFIG staff met again with members of the House Committee on Financial Services, including the staff for Representatives John Delaney (D-MD), Denny Heck (D-WA), Patrick Murphy (D-FL), and David Scott (D-GA) to discuss mortgage Real-Estate Investment Trust (“mREIT”) participation in government-sponsored enterprise (“GSE”) credit risk sharing transactions (“CRTs”). In 2013, the Federal Housing Finance Agency directed the GSEs to issue mortgage credit securities in order to shift credit risk to the private sector and further protect the taxpayers. However, there are regulatory obstacles that prevent mREITs from fully participating in CRTs. SFIG is advocating for clarification of mREIT rules to promote more private capital to be allocated to the CRTs.

Contact Michael.Flood@sfindustry.org to learn more about SFIG’s Congressional outreach efforts.
 
 
REGISTER NOW FOR WiS NETWORKING WORKSHOP!

Registration is now open for our Women in Securitization (“WiS”) Networking Workshop on December 8th at 4:00 p.m. (EST)!

Michelle Friedman MA, PCC, will lead an interactive workshop to help provide our industry’s women with the most effective and enjoyable strategies to develop and extend professional networks. Ms. Friedman focuses on Executive Coaching and Organizational Consulting at Advancing Women's Careers, LLC, where she helps individuals and organizations promote the retention and advancement of women throughout the financial services industry.

Date: Tuesday, December 8, 2015
Time: 4:00-7:00 p.m. (EST)
Location: New York, NY

Space is limited and attendance is limited to industry women only. A reception will follow the event.

You must be a registered WiS member. If you are not yet registered with WiS, sign up here

 
 
ABS VEGAS 2016 SPEAKER NOMINATION REMINDER

A reminder to submit your speaker nominations for ABS Vegas 2016!

Momentum continues to build, with over 96 sponsors to date and many more in process. SFIG members may complete the online form to nominate a speaker for the ABS Vegas 2015 by clicking here. Non-members may fill out the form by clicking here.

Submissions are due no later than November 20, 2015. If you have difficulty accessing the nomination form or have any questions about the conference, please email Events@SFIndustry.org.

 
 
ISSUE SPOTLIGHT
MOODY'S: SECURITISATION REFORM PROPOSALS

Moody’s Investor Service has published a regulatory comment, “Securitisation Reform Proposals,” which summarizes and compares the various proposals and efforts underway globally to revive and restructure the securitization markets. The paper compares five frameworks, the objectives of which range from defining securitizations as “simple, transparent and standard,” to enhancing transaction disclosures. The comparison covers proposals or rules of 2014 and 2015 from the following entities: European Commission, European Banking Authority, Basel Committee on Banking Supervision, Australian Prudential Regulatory Authority and the U.S. Securities and Exchange Commission. The full report,  Securitisation Reform Proposals, is available to you on a complimentary basis. A moodys.com login, which is required to access this report, is available for free through a one-time only registration process.

 
 
INDUSTRY JOBS

SFIG currently has a position open for:

  • Communications and Media Manager: will be an integral member of SFIG staff, providing support across the whole organization and serving as a vital link between SFIG, its membership and other external audiences. Additional information on the position, as well as a link to the application, is available here.

Some of the latest industry positions available include:

JOB TITLE   COMPANY POSTING DATE
Associate Analyst 2   Moody’s Corporation 11-02-15
Senior Vice President, RMBS Monitoring   Moody’s Corporation 11-02-15
Vice President, Senior Credit Officer   Moody’s Corporation 11-02-15
CLO Legal Analyst   Moody’s Corporation 11-02-15
AVP - Analyst   Moody’s Corporation 11-02-15
Lead Ratings Analyst – Asset Backed Securities Group (Student Loans)   Moody’s Corporation 11-02-15
Senior Vice President Operational Risk Assessment Analyst   Morningstar Credit Ratings, LLC 10-29-15
High Yield - Legal Analyst   Babson Capital Management 10-22-15
Finance Associate   Hogan Lovells US LLP 10-09-15
Attorney - Securitization   Ford Motor Credit Company 9-29-15

Please visit our Jobs page for a full listing of available positions.

For questions about positions at SFIG, please contact Jobs@sfindustry.org. For questions about the website jobs portal, please contact Website@sfindustry.org.

 
 
SFIG CALENDAR
MEETINGS
IN-PERSON TRUSTEE COMMITTEE MEETING

FRIDAY, November 13, 2015
9:00 a.m. – 10:00 a.m. (EST)
New York, NY

 
 
RESCHEDULED CREDIT CARD ISSUER CALL

FRIDAY, November 13, 2015
10:00 a.m. – 11:00 a.m. (EST)

 
 
JOINT TRADE ASSOCIATION CALL ON THE IMPLEMENTATION OF REG AB II ITEM 1124

FRIDAY, November 13, 2015
2:00 p.m. – 3:00 p.m. (EST)

 
 
EQUIPMENT ISSUER COMMITTEE CALL

MONDAY, November 16, 2015
2:00 p.m. – 3:00 p.m. (EST)

 
 
CANADIAN MARKET COMMITTEE CALL

TUESDAY, November 17, 2015
11:00 a.m. – 12:00 p.m. (EST)

 
 
TAX POLICY COMMITTEE CALL

TUESDAY, November 17, 2015
1:00 p.m. – 2:00 p.m. (EST)

 
 
WEEKLY CREDIT CARD ISSUER COMMITTEE CALL

THURSDAY, November 19, 2015
10:00 a.m. – 11:00 a.m. (EST)

 
 
LEGAL COUNSEL COMMITTEE CALL

THURSDAY, November 19, 2015
1:00 p.m. – 2:00 p.m. (EST)

 
 
EVENTS
MCB CONTINUING LEGAL EDUCATION 15th BANKING AND FINANCE FORUM

FRIDAY, November 20, 2015
9:00 a.m. – 4: 00 p.m. (ET)
Charlotte, NC

  • Michael Flood will speak on the “Legislative Developments in Banking” panel
 
 
SFIG WiS PROFESSIONAL NETWORKING WORKSHOP

TUESDAY, December 8, 2015
4:00 -7:00 p.m. (ET)
New York, NY
Registration available here

 

 
 
SFIG BOARD OF DIRECTORS MEETING

WEDNESDAY, December 9, 2015
12:00 p.m. – 5:00 p.m. (ET)
Deloitte & Touche
New York, NY 10112
Note: Closed Meeting

 
 
SFIG & IMN's ABS VEGAS 2016 CONFERENCE

SUNDAY, February 28, 2016 – WEDNESDAY, March 2, 2016
The Aria Resort & Casino
Las Vegas, NV
Registration is available here.

 
 
ADVOCACY OUTLOOK

If you would like to participate in the work SFIG is undertaking through our committees as highlighted below, please e-mail Committees@sfindustry.org. For specific inquiries on any of SFIG’s advocacy efforts, please contact the staff member listed for the related project.

SFIG’s Marketplace Lending Committee was established in August 2015, as an SFIG participant committee and is open to all SFIG members who have a legitimate interest in marketplace lending. The committee was formed with two primary intentions: 1) to work with members involved in marketplace lending to educate the industry as a whole, with a particular focus on the securitization of assets generated through that lending channel; and 2) to determine appropriate securitization-specific policy and engage in related advocacy, leveraging SFIG’s prominence and experience across all asset classes to support the continued responsible growth of securitization in marketplace lending. For its first initiative, the committee commented on the Treasury Department's Request for Input on Online Marketplace Lending. The comments were submitted on September 30th and drafted by counsel at Chapman and Cutler LLP.

Members interested in participating should contact Amanda.Bateman@sfindustry.org.

SFIG’s Student Loan Committee recently responded to the Proposed Changes to Moody’s Approach to Rating Securities Backed by FFELP Student Loans.

To join SFIG’s Student Loan Working Group and learn more, please contact Alyssa.Acevedo@sfindustry.org.

The RMBS 3.0 Task Force released its Third Edition RMBS 3.0 Green Papers in November 2015. The task force has continued its efforts to address key issues specific to private label mortgage securities through work-streams relating to (1) Representations, Warranties, and Repurchase Enforcement; (2) Due Diligence, Data, and Loan-Level Disclosure; and (3) Role of Transaction Parties and Bondholder Communications. Presently, the task force is working on (1) developing a comprehensive compilation of representations and warranties for release in the fall of 2015 and (2) a grid summarizing roles of transaction parties. We encourage members to participate in any or all of the working groups to contribute towards the mission of RMBS 3.0.

For additional information on RMBS 3.0, or to join the task force, please contact Amanda.Bateman@sfindustry.org.

The GSE Reform Task Force submitted its comments on FHFA’s update to the single security initiative on October 7, 2015. The task force also recently received an update from the SFIG participants on the Industry Advisory Group for the Common Securitization Platform and Single-Security. The task force has also formed policy positions on the Carney-Delaney-Himes GSE Reform bill and updated its briefing book to support its advocacy efforts. With the release of the bill, SFIG staff also updated its GSE Reform Legislative Comparison, which analyzes key provisions in the five most recent housing finance reform bills including the Johnson-Crapo bill and the PATH Act. Additionally, the task force will continue to engage the Federal Housing Finance Agency on its Single-Security proposal, guarantee fee pricing and Strategic Plan for 2015-2019.

To join SFIG’s GSE Reform Task Force and learn more, please contact Amanda.Bateman@sfindustry.org.

The Mortgage Loan-Level Disclosure Task Force is studying the recent Regulation AB II release of Schedule AL and comparing it to SFIG’s Schedule L submission to the Securities and Exchange Commission in February 2014. SFIG also continues to have weekly Mortgage Industry Standards Maintenance Organization calls to go through data elements that lenders should deliver in securitizations. The task force will also be conducting an analysis of the data elements included in SFIG’s Schedule L submission in order to determine any privacy concerns.

Please contact Alyssa.Acevedo@sfindustry.org for additional information on SFIG’s work on this topic.

The Volcker Task Force has been working with SFIG’s various asset class and legal counsel committees to identify areas within the Volcker Rule in need of clarification, particularly questions regarding covered funds and the loan securitization exemption.

Please contact Amanda.Bateman@sfindustry.org to participate on the Task Force.

The Risk Retention Industry Guide Working Group is creating best practices and developing consensus positions around several areas within the Credit Risk Retention final rule.

Please contact Alyssa.Acevedo@sfindustry.org with any questions.

SFIG’s Chinese Market Committee continues to hold discussions with a focus on SFIG’s partnership with the Chinese Securitization Forum, potential upcoming educational discussions and the sharing of recent market developments in China.

If you would like more information on SFIG’s work with respect to Chinese securitization, please contact Alyssa.Acevedo@sfindustry.org.

SFIG’s Shadow Banking Task Force has established the following agenda:

  • Leverage the predictive powers of the G20’s shadow banking initiative to determine future SFIG advocacy initiatives
  • Assess the level of regulation to which our members are already subject
  • Measure the full impact of those regulations on lending decisions and business models
  • Provide input into IOSCO, BCBS and IAIS on the revitalization of securitization markets

To register your interest in SFIG’s Shadow Banking Initiative, please contact Amanda.Bateman@sfindustry.org.

The Regulation AB II Task Force will focus on the disclosure and offering process requirements within the final rule. Two work streams have been formed to develop a comment letter on the proposed rules that remain outstanding and to produce an industry guide for critical elements of the final rule.

SFIG members who are interested in joining this task force or asset specific committees should contact Alyssa.Acevedo@sfindustry.org.

The Regulatory Capital and Liquidity Committee is addressing industry concerns related to the Federal Reserve Board’s Final Rule on the Liquidity Coverage Ratio (“LCR”). This committee will also develop a comment letter when U.S. regulators release their proposed Net Stable Funding Ratio (“NSFR”).

To become involved in SFIG’s advocacy on the final LCR or NSFR rules, please contact Alyssa.Acevedo@sfindustry.org.

The Derivatives in Securitization Task Force obtained no-action relief from the CFTC giving swap dealers comfort that the CFTC would not take enforcement action against swap dealers that did not comply with certain CFTC Regulations when taking actions in response to the credit ratings downgrade of a counterparty to a legacy swap. The relief applies to swaps with SPVs that were in existence prior to October 10, 2013. The task force also commented on the CFTC’s proposal on margin requirements for uncleared swaps, as well as the prudential regulators’ proposal regarding margin and capital requirements for covered swap entities.

SFIG members who are interested in learning more about this initiative should email Amanda.Bateman@sfindustry.org.

The Money Market Fund Reform Working Group submitted a comment letter on October 13, 2014 regarding the Securities and Exchange Commission’s July 23, 2014 proposal which includes, among other things, possibly amending rule 2a-7’s issuer diversification provisions to eliminate an exclusion that is currently available for securities subject to a guarantee issued by a non-controlled person. SFIG also submitted a comment letter in September 2013 on Money Market Fund Reform.

If you are interested in joining this working group, please contact Alyssa.Acevedo@sfindustry.org.

The High Quality Securitization ("HQS”) Task Force responded to the European Commission’s consultation on an EU framework for simple, transparent and standardized securitization on May 12, 2015. The task force also previously responded to the BCBS-IOSCO consultation on its criteria for identifying simple, transparent and comparable securitizations. SFIG’s comments were built off of those sent to the European Banking Authority on January 14th (available here) regarding its proposed criteria and to the European Central Bank and Bank of England last summer (available here) regarding the development of a sustainable securitization market in Europe.

To join the HQS Task Force, please contact Amanda.Bateman@sfindustry.org.

 
 
INDUSTRY NEWS HIGHLIGHTS
BASEL COMMITTEE CONSULTS ON CAPITAL FOR SIMPLE, TRANSPARENT AND COMPARABLE SECURITIZATIONS

On Tuesday, November 10th, the Basel Committee on Banking Supervision (“BCBS”) published a consultative document on capital treatment for simple, transparent and comparable (“STC”) securitizations. The proposal incorporates the STC framework finalized in July into the revised capital framework adopted last December. In its consultation, the BCBS proposes reducing minimum capital requirements for STC securitizations by reducing the risk weight floor for senior exposures and rescaling risk weights for other exposures. A range for the potential reduction in capital charges is also suggested; BCBS will make a determination on calibration in 2016 based on feedback provided during a quantitative impact study.

The BCBS notes:

Given that greater prescriptiveness is required for using the STC criteria in regulatory capital requirements, [it] proposes to supplement the July 2015 STC criteria with additional criteria for the specific purpose of differentiating the capital treatment of STC from that of other securitisation transactions. The additional criteria would, for example, exclude transactions in which the standardised risk weights for the underlying assets exceed certain levels.

The BCBS invites comments on this consultation, which are due February 5, 2016. SFIG will likely comment on this proposal; to participate in the process, please contact Alyssa.Acevedo@sfindustry.org

 
 
EU COMMISSIONER SAYS EU NATIONS MAY HAVE SECURITIZATION PLAN BY YEAR-END

On Tuesday, November 10th, European Financial Services Commissioner Jonathan Hill said that European Union (“EU”) nations may have a common plan by the end of the year for reviving ABS markets, according to an article in Bloomberg. Hill is proposing lower capital requirements for asset-backed securities that fall within the new category of simple, transparent and standardized debt. “The working groups have gotten off to a very quick start and we might have agreement in the council by Christmas,” said Hill. The proposal needs the approval of EU finance ministers and EU lawmakers. “We in parliament will be scrutinizing the commission’s proposals in detail to make sure that they pass muster,” said Anneliese Dodd’s, a U.K. member of the European Parliament.

 
 
MARYLAND APPEALS COURT DECISION MAY AFFECT MARKETPLACE LENDERS

The Maryland appeals court reinstated a $5.6 million fine against CashCall, Inc. for operating a “credit services business“ in Maryland without a license, according to an article published by the Daily Record. The Maryland Court of Special Appeals decided the case concerning $5.6 million in fines imposed by the Maryland Commissioner of Financial Regulation (the “Commissioner”). As described in an analysis of the case published by Chapman and Cutler LLP, the Commissioner found that CashCall had violated the Maryland Credit Services Business Act which “prohibits a credit services business from assisting consumers to obtain loans at interest rates which, except for federal preemption of state law, would be prohibited under Maryland law.”

The legal analysis describes the underlying business arrangement in more detail:

CashCall had entered into contractual arrangements with two federally-insured state banks (the “Funding Banks”) pursuant to which CashCall would forward each completed loan application to one of the Funding Banks for its review. If a Funding Bank approved a loan application, it would disburse the loan proceeds to the consumer, net of an origination fee, and then sell the loan to CashCall no later than the third day following the funding date. … The interest rates on the loans substantially exceeded the rates generally allowed on consumer loans under Maryland law.

The Chapman and Cutler LLP piece points out that the Banks had not violated Maryland law relating to interest rates on consumer loans due to federal preemption of state law. However, the “Commissioner nonetheless found that in arranging the loans, CashCall had violated the Maryland Credit Services Business Act.” The analysis highlights that the appeals court decision could “impact marketplace and other lenders who arrange for federal or state banks to fund consumer loans in Maryland at rates in excess of the applicable Maryland usury caps.”

 
 
SECOND COMMON SECURITIZATION PLATFORM/SINGLE-SECURITY INDUSTRY ADVISORY GROUP MEETING SCHEDULED 

Fannie Mae, Freddie Mac (“GSE’s) and Common Securitization Solutions (“CSS”) will hold the second meeting of the Common Securitization Platform / Single-Security Industry Advisory Group (“CSP/SS”) on Monday, December 7th at 1:00 p.m. (EST).  The meeting will provide another opportunity for the industry to engage with CSS and the GSE’s as they work through their multi-year project to implement the CSP/SS.

SFIG Executive Director Richard Johns along with Keith Bickel of Bank of America, Raghu Kakumanu of Wells Fargo and Faith Schwartz of CoreLogic are expected to attend the meeting on behalf of the membership.

To view SFIG’s press release on the creation of the Industry Advisory Group, please click here. To learn more about the CSP and Single Security initiatives, please click here. For questions regarding SFIG’s participation in the Industry Advisory Group, please contact Michael.Flood@sfindustry.org.

 
 
ADDED CAPITAL TO INSULATE BANKS AGAINST CRE RISK

Some industry analysts and regulators see a possible Commercial Real Estate ("CRE") bubble, but may be overlooking the fact that banks are better insulated against risk, according to an article in National Mortgage News. “Banks have added so much capital in the past several years that they’re better insulated against CRE risk than they used to be, despite the huge increase in those loans on banks’ books”, said Matthew Anderson, managing director at Trepp. The total amount of CRE on banks’ balance sheets as of the end of the second quarter had grown 31%, to $1.37 trillion, since bottoming out in the second quarter of 2011, according to Trepp’s analysis. The article states, “[t]he amount of risk-based capital in the banking system has increased by 24%, or $317 billion, since the second quarter of 2011, to more than $1.6 trillion.”

 
 
AUTO LOANS REACH HIGHEST LEVEL EVER

Auto lending reached its highest level ever at the end of the third quarter, according to an article in American Banker. Total auto loans outstanding at the end of the third quarter were $968 billion, up 11 percent from the same time a year ago. According to a study from Experian Automotive, auto loans have increased 53 percent since reaching a post-crisis low five years ago.

 
 
SFIG COMMITTEES AND TASK FORCES

SFIG has a number of Committees and Task Forces meeting and working on many topics of interest to the securitization industry. Please email us for more information, including how to join.

SFIG is pleased to share this edition of its newsletter with our members, as well as our supporters in the structured finance community. To ensure that you receive future editions of the newsletter, please visit our website or email us to learn more about membership opportunities.

Contact Information

Richard Johns Executive Director

Kristi Leo Investor Relations

Sairah Burki Senior Director, ABS Policy

Michael Flood Director, Advocacy

Dan Goodwin Director, Mortgage Policy

Jennifer Wolfe ABS Policy Manager

Mary Robinson Policy Manager

Alyssa Acevedo Senior Analyst, ABS Policy

Amanda Bateman Policy Analyst

Daniel Tees Policy Analyst

Jennifer Serpas Office Manager

Allison Creswell Events Coordinator

Sarah Clarke Executive Administration

1775 Pennsylvania Ave. NW
Suite 625
Washington, DC 20006

Structured Finance Industry Group
WebsiteEmail Us | Web Archive
 
linkedin
To unsubscribe from this email listing, please click here.

 

 

Informz
wagers
Terms and Conditions | Privacy Policy