Former American Securitization Forum board members are moving quickly to set up a new group that will represent a segment of the debt market, providing financing for a wide range of lending including residential mortgages. 

Up to 30 firms are expected to announce as soon as next week that they will form a new lobbying group just a week after the majority of members walked out of ASF en masse. 

In 2010, the securitization advocacy group parted administrative ways with the global trade body, the Securities Industry and Financial Markets Association.