Securitization in the U.S.

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Securitization in the U.S. provides a clear, practice oriented overview of one of the most influential mechanisms in modern finance. Written for attorneys, in-house counsel, law students and financial practitioners, this single volume treatise explains how securitization works, why it developed and how it is regulated in the United States.

The treatise opens with an introduction to the origins and rationale of securitization, followed by a step by step explanation of the securitization process and the roles of sponsors, depositors, issuers, and other transaction participants. It examines the governing legal framework, including detailed discussion of foundational statutes such as the Securities Act of 1933, the Securities Exchange Act of 1934, and the Investment Company Act of 1940, along with core legal principles including true sale and bankruptcy remoteness.

Subsequent chapters analyze the structure and legal considerations associated with major securitized products, including mortgage-backed securities, asset-backed securities, and collateralized debt obligations. Real world examples and case references provide practical context for understanding how these instruments operate in the market. The treatise also explores financial innovation and its impact on securitization, addressing developments such as blockchain, cryptocurrency and fintech and their potential implications for future transactions and regulation.

Balanced, accessible and practice focused, this title serves as a reliable reference for those new to securitization as well as a concise refresher for experienced practitioners seeking a structured overview of U.S. securitization law and practice.

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