ABS market players, according to Bank of America Merrill Lynch analysts, are speculating that the U.S. Treasury Department will soon be coming out with new Home Affordable Modification Program (HAMP) guidance.

The revised rules will be based on the suggestions made by the American Securitization Forum (ASF) early last month. The ASF made suggestions on how to solve some of the issues regarding principal forbearance under HAMP and its treatment as a loss.

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