The following Letter Type A, or variations thereof, was submitted by individuals or entities.

Letter Type A:

We appreciate the SEC’s initiative to review and
modernize RMBS disclosure requirements. As a group of business
students studying accounting and finance, we believe this rule could
make a meaningful difference in improving investor understanding of
mortgage-backed securities.

Based on the information in the proposal, we support standardized
asset-level disclosures because they will help investors make better,
data-driven decisions. In our view, a clearer set of reporting
fields—especially regarding loan-to-value ratios, borrower credit
ranges, and delinquency history—would increase confidence in the
secondary mortgage market.

However, to make the rule more practical, we recommend a two-year
phase-in period for smaller or first-time RMBS issuers. This would
give firms time to update internal systems, train staff, and test data
collection processes before full compliance. In addition, the SEC
could help by publishing sample templates or examples of the required
disclosure formats.

These steps would make implementation smoother while still meeting the
rule’s transparency goals. Overall, we strongly support the effort
to improve the clarity and consistency of RMBS reporting because it
will help both investors and issuers operate with greater trust and
understanding.