ASF Extends Deadline for RFC on Securitization Effort

The American Securitization Forum has extended the deadline for responses to a recent request for comment relative to certain portions of its Project on Residential Securitization Transparency and Reporting. The RFC includes updates to the ASF residential mortgage-backed securities disclosure package, the transaction supplement, the data dictionary and the market standards proposals, as well as the RMBS reporting package. "Given numerous requests for additional time to prepare comments, the comment deadline for these revised drafts has been extended until next Tues., March 24," the ASF said. Project RESTART was created as a means of trying to bring investor confidence back to the private-label securitized residential market and restore new issuance through suggested consensus guidelines for standards aimed at increasing the integrity and quality of that market's data.