Tagged: bundled bonds

Protecting asset-backed securities

New rules proposed by the S.E.C. would, among other things, require that the issuers of bonds filled with bundled mortgages — not the ratings agencies — would have to vouch for their soundness and retain 5 percent of each bond.  Law Professor Tamar Frankel, an authority on securities law and author of “Trust and Honesty: American’s […]