One of the positive outcomes of the recent credit crisis is that it has changed the commonly accepted standards for transparency. Structured finance marketplace participants are recognizing the need for fundamental changes. These changes will improve asset-level transparency and allow for proper assessment of the risk versus return tradeoff of investing in mortgage pools or credit-enhanced mortgage securities.
Recent market dislocations and the drastic reorganization of resources have led to enhanced research and development efforts around transparency and how to bring it to the market. The results are evident now in the form of updated analytical infrastructures.