Investors and RMBS participants must understand and properly assess the regulatory risk of loans they purchase and loans that are securitized in publicly rated deals. Appropriate disclosures and representations and warranties are critical. SeldenLindeke attorneys have been deeply involved with industry efforts around assignee risk identification and compliance error grading after the Dodd-Frank Act mandated rules (e.g., TRID, ATR-QM, LO Comp) were issued and now as interpretations of these rules evolve over time.