SEC No Action Letter Regarding Investments in Credit Risk Transfer Securities

On October 16, the SEC Division of Investment Management granted no-action relief in response to a request by Orrick on behalf of Redwood Trust. The Redwood request and the SEC staff response impact the way in which investments in certain credit risk...
By: Orrick, Herrington & Sutcliffe LLP

Orrick, Herrington & Sutcliffe LLP