E. Gerald Corrigan

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Wall Street Execs Weigh in on Securitization Accounting

Aug 07, 2008By

In plain English, much of the securitization model that has fueled the modern mortgage market is tied to what’s known as a Qualifying Special Purpose Entity — or QSPE for short, and often called “the Q” in industry slang. QPSEs receive off-balance sheet treatment, or “sale accounting” treatment, that has largely enabled much of the growth in modern secondary markets.