Please use this identifier to cite or link to this item: http://hdl.handle.net/1959.14/99183
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- Title
- Assessment of law and practice relating to the mortgage origination process in securtisation programs
- Related
- Journal of law and financial management, Vol. 5, No. 1 (2006), p.18-39
- Related
- http://www.mgsm.edu.au/wps/wcm/connect/bda0ee0047a154e897569f4b6779ce22/jlfm5-Jun06-Rajapakse.pdf?MOD=AJPERES
- Publisher
- Macquarie Graduate School of Management
- Date
- 2006
- Author/Creator
- Rajapakse, Pelma Jacinth
- Description
- Securitisation is the process by which a credit institution either a bank or an independent mortgage provider (IMP) sells assets on its loan book specifically, accounts receivable on its loan book to another financial intermediary, which then funds its holdings by issuing asset-backed securities to investors. By this process, the original illiquid asset is transformed into a tradeable, more liquid debt security. The purpose of this article is to examine the relevant aspects of commercial law and practice as they relate to three of the most critical features of mortgage origination within the securitisation process. Firstly, the article will analyse the following legal and regulatory aspects in the origination stage: (1) the concept of the as it relates to the mortgage securitisation process; (2) the legal consequences for various stakeholders of registering a mortgage as security on a loan; and (3) the impact of the Australian Prudential Regulation Authority (APRA) capital adequacy guidelines on relevant stakeholders in the mortgage origination stage within the RMBS programs.
- Description
- 22 page(s)
- Resource Type
- Journal Of Law And Financial Management Collection
- Resource Type
- journal article
- Organisation
- Macquarie University. Macquarie Graduate School of Management
- Identifier
- http://hdl.handle.net/1959.14/99183
- Identifier
- ISSN:1446-6899
- Identifier
- mq-20101102-095334
- Language
- eng
- Rights
- Publisher version archived with the permission of the publisher Macquarie Graduate School of Management, Macquarie University, NSW, Australia. This archived copy is available for individual, non-commercial use. Permission to use this version for other uses must be obtained from the publisher.
- Full Text
- Reviewed
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