It’s taken four years, but the Securities and Exchange Commission has adopted a rule requiring more disclosure about the quality of loans in asset-backed securities.

The rule, mandated by Dodd-Frank, addresses concerns that investors who got burned by mortgage bonds during the credit crisis did not have enough information to independently assess the credit risk in these securities. In addition to residential mortgages, it applies to securitizations of commercial mortgages, auto loans and auto leases and debt securities, as well as re-securitizations of these assets.

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