By Covered Bond Investor™ Staff

Just when it seemed relegated to the sidelines, proposed comprehensive U.S. covered bond legislation may be back in the game.
House members of the Conference [...]

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The announcement below was released May 7 by the office of Rep. Scott Garrett, who introduced the United States Covered Bond Act of 2010 in the House of Representatives (March 18).
(Washington, DC)– Rep. Scott Garrett (R-NJ) is asking Senate leaders to consider the inclusion of legislative language that would create a statutory framework for [...]

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U.S. Rep. Scott Garrett (R-NJ) today (March 18) introduced comprehensive proposed federal covered bond legislation in the form of a standalone bill: the “United States Covered Bond Act of 2010.”
The bill draws extensively from (but is not identical to) the text of a legal framework for covered bonds that Rep. Garrett proposed last year [...]

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By Covered Bond Investor™ Staff
Calling covered bonds “one of the most affordable wholesale funding instruments for financial institution asset-liability management,” the Mortgage Bankers Association (MBA) has included support for them in its just-announced legislative and regulatory priorities for 2010.
The organization’s official statement (Jan. 12) reads in part:
“MBA supports legislation and regulation to provide for [...]

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