Yesterday, we reiterated our view that the foreclosure fiasco will lead to far-reaching restructuring of mortgage securitization.  Today, the FDIC released a speech by Chairman Bair stating that she will push for the safe-harbor servicing requirements in the Dodd-Frank securitization rules.  For good measure, she’s using her back-up authority to go after the big-bank servicers otherwise outside her reach.

The full report is available to subscribers.  To find out how you can sign up for the service, click here.

 

.