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Monday, February 13, 2012

Filings on New Form ABS-15G

As reported in this space on January 21, 2011, issuers of asset-backed securities ("ABS") are required to disclose the last three years of repurchase history in an initial filing on Form ABS-15G by Feb. 14, 2012, with additional disclosures to be required quarterly thereafter.  Not including amendments, 146 filings of the new form had been submitted on EDGAR through February 13.  Many securitizers reported that they had requested but were unable to obtain all information with respect to investor repurchase demands, and that it is possible disclosures may not contain information about all investor demands  made prior July 22, 2010.  Early filers of Form ABS-15G that do present a repurchase demand activity reporting table include:
  • RWT Holdings, Inc. on 2/6/12 (SEC file no. 25-131)
  • Federal Home Loan Mortgage Corp. on 2/10/12 (file no. 25-240)
  • Dexia Real Estate Capital Markets on 2/13/12 (file no. 25-435)
  • Wells Fargo Asset Securities Corp. on 2/13/12 (file no. 25-453)

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