(Bloomberg) -- An affiliate of the Securities
Industry and Financial Markets Association, Wall Street's
largest lobbying group, called for U.S. lawmakers to preempt
state and local rules that would extend responsibility for
borrower abuse to buyers of mortgages and home-loan securities.
``A thoughtfully crafted national standard would be
preferable to the existing patchwork of state and local laws,''
George Miller, executive director of the American Securitization
Forum, said in a statement late yesterday.
Read more at Bloomberg Bonds News
Industry and Financial Markets Association, Wall Street's
largest lobbying group, called for U.S. lawmakers to preempt
state and local rules that would extend responsibility for
borrower abuse to buyers of mortgages and home-loan securities.
``A thoughtfully crafted national standard would be
preferable to the existing patchwork of state and local laws,''
George Miller, executive director of the American Securitization
Forum, said in a statement late yesterday.
Read more at Bloomberg Bonds News
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