Saw this interesting blog post from the law firm of Perkins Coie regarding duties of trustees in mortgage-backed financings. This debate about the duties of trustees pits the Association of Institutional Investors against the American Bankers Association and can be seen as one of the battle fronts in this war. The other battle front being in the courtroom where investors have taken on trustees of residential mortgage backed securities. For more info head to the blog post or check out this story on Bloomberg.
No comments:
Post a Comment