As performance risk grows in consumer ABS, legal risks will ensue. To negotiate best terms and prepare for potential disputes, every investor and deal party should know the ways the law has been transformed by years of RMBS litigation. This new legal framework, which impacts when and how claims must be made in order to survive challenge, will ultimately determine who wins and who loses in any future battles over loss allocation. Click the link below for a summary guide to the top five things to know about the ways the law has changed. It can help put you in the best position in future deals and disputes.
If you would like to discuss the current ABS landscape in more detail, please contact us.