medium · Asset-Backed Securities regulatory
Regulation AB II requires disclosure of 'repurchase history'.
What information is being provided here?
- Borrowers who fully prepay their loans early are counted as prepayments, a separate metric
- Foreclosure-bought properties relate to loss severity figures, not repurchase activity
- Information on assets the sponsor was forced to buy back due to breaches of reps and warranties
- Secondary market trading frequency of bonds is entirely unrelated to loan repurchase mechanics or reps
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