(Reuters) - A letter sent by 11 Democrats to SEC Chairman Christopher Cox sought clarification on the rule known as "FAS 140," which governs asset-backed securitized products like mortgage-backed securities.
At issue is when a mortgage can be modified if it is part of a pool of securities that includes subprime adjustable rate mortgages made to borrowers with a poor credit history.
Read more at Reuters.com Government Filings News
At issue is when a mortgage can be modified if it is part of a pool of securities that includes subprime adjustable rate mortgages made to borrowers with a poor credit history.
Read more at Reuters.com Government Filings News
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