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File:Borrowing Under a Securitization Structure.png

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311: 182:- The entity responsible for collecting loan payments from borrowers and for remitting these payments to the issuer for distribution to the investors. The servicer is typically compensated with fees based on the volume of loans serviced. The servicer is generally obligated to maximize the payments from the borrowers to the issuer, and is responsible for handling delinquent loans and foreclosures. 250: 67: 900: 788: 170:- An entity that underwrites and funds loans that are eventually sold to the SPE for inclusion in the securitization. Lenders are compensated by cash for the purchase of the loan and by fees. In some cases, the lender might contract with mortgage brokers. Lenders can be banks or non-banks. 200:- A third party appointed to represent the investors' interests in a securitization. The trustee ensures that the securitization operates as set forth in the securitization documents, which may include determinations about the servicer's compliance with established servicing criteria. 153:
The securitization structure diagram shows the components of a typical securitization. It is important to note that not all securitizations are identical. Nevertheless, the diagram generally illustrates the roles of the various participants in a securitization structure.
865: 393:{{Information |Description= Borrowing Under a Securitization Structure |Source= US Federal Deposit Insurance Corporation http://www.fdic.gov/news/news/speeches/archives/2007/chairman/spapr1707.html |Date=April 17, 2007 |Author= Sheila C. Bair, Chairman | 890: 194:- Assigns initial ratings to the various securities issued by the issuer and updates these ratings based on subsequent performance and perceived risk. Rating agency criteria influence the initial structure of the securities. 38: 188:- The purchasers of the various securities issued by a securitization. Investors provide funding for the loans and assume varying degrees of credit risk, based on the terms of the securities they purchase. 847: 268: 810: 263: 78: 46: 880: 837: 216:(designed to decrease the credit risk of the structure) provided by an independent third party in the form of letters of credit or guarantees. 373: 289:, commonwealth, county, municipality, or any other subdivision. This template also does not apply to postage stamp designs published by the 293: 321:
This file has been identified as being free of known restrictions under copyright law, including all related and neighboring rights.
621: 498: 164:- A bankruptcy-remote special purpose entity (SPE) formed to facilitate a securitization and to issue securities to investors. 176:- Acts as a facilitator between a borrower and the lender. The mortgage broker receives fee income upon the loan's closing. 463: 290: 716: 679: 642: 587: 553: 476: 447: 614: 519: 491: 430: 483: 787: 782: 264:
work prepared by an officer or employee of the United States Government as part of that person’s official duties
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The following pages on the English Knowledge (XXG) use this file (pages on other projects are not listed):
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http://www.fdic.gov/news/news/speeches/archives/2007/chairman/spapr1707.html
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the key elements to a typical securitization include the following:
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Knowledge (XXG):Graphics Lab/Image workshop/Archive/Nov 2008
309: 206:- Administers the issuance of the securities to investors. 414:
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work of the federal government of the United States
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Bair, Chairman 72:This is a file from the 843:User:Penn Station/draft 804: 477:applies to jurisdiction 370:606 × 526 (16685 bytes) 142: 129: 122: 119: 108: 76:. Information from its 876:利用者:Penn Station/draft 314: 79:description page there 783:22:24, 24 August 2014 313: 615:determination method 492:determination method 256:This work is in the 809:PNG file. 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File:Borrowing Under a Securitization Structure.png
Borrowing_Under_a_Securitization_Structure.png
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description page there
You can help
http://www.fdic.gov/news/news/speeches/archives/2007/chairman/spapr1707.html
credit enhancement
public domain
work prepared by an officer or employee of the United States Government as part of that person’s official duties
Title 17, Chapter 1, Section 105
US Code
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United States Postal Service
since 1978
313.6(C)(1)
The US Mint Terms of Use
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