Revamp for US mortgage banks

New angles

When the banks register they must comply with the SEC Act of 1934, which requires disclosure of financial statements and information related to transactions. They will also be subject to the Sarbanes-Oxley Act, which demands enhanced accounting disclosure for derivatives.

Some of the mortgage banks have already been downgraded because of risk management concerns. Last December, Standard & Poor’s (S&P) lowered its long-term credit rating on the Federal Home Loan Bank of Seattle to AA+ from

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: