LAW 7590

LAW 7590

Course information provided by the Courses of Study 2018-2019.

This course analyzes the structure of mortgage- and other asset-backed securities, as well as the participants in their creation, distribution, trading and regulation. The financial and legal characteristics of the underlying assets will be considered, including a basic understanding of the asset cash flows, and factors that vary those flows. Securities and Tax Law aspects of the creation, marketing and trading of these securities will be reviewed, with particular emphasis on the REMIC structure. There will be review of the secondary markets, including Government-sponsored Enterprises and "Private Label" securities issuers; the credit rating agencies; and private mortgage insurers. Lastly, there will be consideration of the laws currently governing the GSEs and what future changes they and the broader market might anticipate for those laws.

When Offered Spring.

Prerequisites/Corequisites Prerequisite: LAW 6131

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Syllabi: none
  •   Regular Academic Session. 

  • 3 Credits Stdnt Opt

  • 17353 LAW 7590   SEM 101