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Issuers may face pressures to repurchase securities backed by loans or leases that they have originated but that have deteriorated and become nonperforming, thus providing "moral recourse" for the securities.
Asset-backed securities issued by a trust or by a single-purpose corporation and backed by nonmortgage assets are typically assigned a risk weight of 100 percent.
1) In June 1987, the Comptroller of the Currency (OCC) permitted national banks to underwrite securities backed by their own assets.
Issuers and servicers may face pressures to provide "moral recourse" by repurchasing securities backed by loans or leases they have originated that have deteriorated and become nonperforming.