Commercial Law Aspects of Residential Mortgage Securitisation in Australia

• Main Authors: Rajapakse, Pelma (Author, http://id.loc.gov/vocabulary/relators/aut), Senarath, Shanuka (http://id.loc.gov/vocabulary/relators/aut)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Cham : Springer International Publishing : Imprint: Palgrave Macmillan, 2019.
• Edition: 1st ed. 2019.
• Subjects: International finance.; Investment banking.; Securities.; Banks and banking.; Public finance.; International Finance.; Investments and Securities.; Banking.; Financial Law/Fiscal Law.

This book evaluates key commercial law aspects of the relevant law and legislation governing residential mortgage-backed securities (RMBSs) in Australia from a legal perspective. Within the context of a "public benefit test" framework, the book seeks to critically evaluate the impact and e...

Table of Contents:

• 1. Introduction
• 2. Towards Formulating a Conceptual Framework
• 3. Structuring and Issuance in Residential Mortgage Securitisation
• 4. Mortgage Origination
• 5. The Legal Process for Transferring Mortgagee's Rights to the Special Purpose Vehicle
• 6. Law And Regulation of the Issue of Mortgage-Backed Securities
• 7. Insolvency Considerations Pertaining to Trustee Issuer and Mortgage Originator
• 8. Assessment of Current Regulation and Practice of RMBS Programs
• 9. Summary of Conclusions.