Victoria Morton

This Practice Note examines the documents which are required for a residential mortgage backed securities transaction from pricing to closing, including the key parties of each document and the main points to consider in each document.

This Practice Note summarises the structure of commercial mortgage-backed securities transactions and the key parties, documents and terms involved in such transactions. As with all financing techniques and transactions there are numerous permutations as to how the precise terms of each such transaction operates which are beyond the scope of this Practice Note. In addition, unless expressly set out, the requirements of particular jurisdictions, including in particular the requirements of the United States, with respect to a commercial mortgage-backed securities transaction are not specifically considered.

This Practice Note sets out an introduction to the structure of residential mortgage-backed securities (RMBS) transactions and the key parties, documents and terms involved in such transactions