SFA News

SFAcademy: Level 2Module 8 Now AvailableModule 8 of SFAcademy's Level 2 Bootcamp Series is now live.In the third and final installment of Agency RMBS Modeling, Risk & Derivatives, Bank of America's Chun Lin explains how cash-flow engineering redistributes mortgage prepayment risk across CMO structures, including CMO passthroughs, floaters, sequentials, PACs, Z-bonds, IOs, and IIOS.CMO creation is

SFAcademy: Level 2Module 7 Now AvailableModule 7 of SFAcademy's Level 2 Bootcamp Series is now live.In our newest Level 2 module, Agency RMBS Modeling, Risk & Derivatives, Bank of America's Chun Lin takes a deeper look at the forces shaping Agency RMBS performance and the analytical tools used to navigate an evolving market. The session explores how market participants assess changing conditions,

SFAcademy: Level 2Module 6 Now AvailableModule 6 of SFAcademy's Level 2 Bootcamp Series is now live.In our newest Level 2 module, Agency RMBS Modeling, Risk & Derivatives, Bank of America's Chun Lin examines how prepayment behavior drives Agency RMBS valuation and risk—and how evolving modeling techniques, including machine learning and AI, are enhancing our understanding and forecasting of prepay

SFAcademy: Level 2Module 5 Now Available Module 5 of SFAcademy's Bootcamp Series is now live. In this newly added Level 2 course, S&P Global Ratings' Radhika Kalra leads a session on Asset-Backed Commercial Paper (ABCP).By the end of this session, you will:Understand the fundamentals of Asset-Backed Commercial Paper (ABCP).Explore how the Global Financial Crisis reshaped the ABCP market and the ke

SFAcademyModule 28 Now AvailableModule 28 of SFAcademy's Bootcamp Series is now available. In this new course, Katten's Chris DiAngelo explores NAV Facilities for Structured Credit Funds, examining how these facilities support fund liquidity, financing, and portfolio management in today's evolving credit markets.By the end of this session, you will:Understand the growing role of NAV financing in t

Committee News provides a bi-monthly update on the latest activities, discussions, and initiatives taking place across SFA committees and task forces. Stay informed on key industry developments, advocacy efforts, working group progress, and opportunities to engage with fellow members shaping the future of structured finance.

Committee News provides a bi-monthly update on the latest activities, discussions, and initiatives taking place across SFA committees and task forces. Stay informed on key industry developments, advocacy efforts, working group progress, and opportunities to engage with fellow members shaping the future of structured finance.

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SFCanada 2026 RecapKey Trends Shaping the MarketIn the latest episode of SFA’s Bright Ideas podcast, Dallin Merrill, SFA’s Head of Policy, sits down with Elie Silver, Head of Canadian Securitization and Mortgage Aggregation at Scotiabank, to recap SFCanada 2026 and discuss key trends shaping the Canadian structured finance market.The conversation explores the growth of mortgage-related assets and

SFA Bright Ideas Podcast: Ian Bell on Europe’s Push to Revitalize SecuritizationOn the latest episode of the Bright Ideas Podcast, SFA CEO Michael Bright sits down with Ian Bell, CEO of the PCS Initiative, for a wide-ranging discussion on:— The origins and purpose of the STS framework— Why Europe’s securitization market has struggled to recover post-GFC— How regulation has shaped market growth and

SFA Publishes Reduced Compliance Scope for Closed-End Subordinate Lien Financing On May 26, 2026, the Structured Finance Association (SFA) published its Closed-End Second (CES) Reduced Compliance Scope, referred to as the SFA TRID Subordinate Lien Scope 1.0. Developed by SFA’s RMBS Third-Party Review Task Force, this framework establishes a standardized approach to compliance reviews for closed-en

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Structured Finance Association ReleasesFraud Mitigation Survey FindingsOn Tuesday March 31, the Structured Finance Association (SFA) published the results of its Fraud Mitigation Survey. SFA’s Fraud Mitigation Task Force worked with Ernst & Young to develop and administer a survey on the state of fraud mitigation and detection in the securitization industry. Respondents included market participant

SFA Member Alert:Federal Reserve Releases Revised Capital ProposalToday, the Federal Reserve released its revised proposal of the standardized approach and broader capital framework. SFA welcomes this updated proposal, which reflects a more balanced, transparent, and risk-sensitive calibration of bank capital requirements. We are particularly encouraged that the proposal does not include an increa

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SFA Member Alert:Fed Vice Chair Bowman Previews Basel III Endgame ProposalMichelle Bowman today previewed regulators’ forthcoming proposal to update U.S. bank capital rules in the Basel III Endgame framework. The proposal is expected to be released late next week, followed by a 90-day public comment period.Bowman said the revised framework would apply primarily to the largest banks, while regional

SFVegas 2026: Key Takeaways and Themes SFVegas 2026 delivered another standout year of insights, industry engagement, and record attendance. This year’s event attracted nearly 11,000 registrants, setting a new SFVegas record and reflecting both the depth of industry involvement and the event’s continued growth as the premier forum for structured finance. The conference agenda covered a wide range