As 2021 fast approaches, the burning question of what indices will replace LIBOR (London Interbank Offered Rate) comes to the forefront. LIBOR scandals have caused the creation of alternative indices options. The impact to the Asset-Backed Securities (ABS) market could be significant as there are billions of dollars of residential mortgage loans in the U.S.
A trustee plays a critical role in helping protect the interests of investors in a securitization transaction. Asset securitizations are complex transactions involving multiple parties with multiple interests as well as accountants and legal professionals. An experienced trustee at the center of the transaction can help steer all parties smoothly through the process. Experienced trustees