MBA assembles task force to revisit single-family GSE reform

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The Mortgage Bankers Association (MBA) has launched a task force designed to offer a strategy for comprehensive reform of the government-sponsored enterprises (GSEs). MBA’s 17-member GSE single family task Force will revisit the trade group’s 2009 policy position on reforming Fannie Mae and Freddie Mac and offer an updated strategy on how to proceed with [.]

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MBA’s GSE Task Force Posted on January 31, 2017 by DavidHStevens With the objective of ending the conservatorship of Fannie Mae and Freddie Mac and establishing a new, durable foundation for the secondary mortgage market, MBA has released the first of two papers outlining our recommended approach to GSE reform.

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MBA’s proposal will help ensure lower housing costs and affordability for all Americans," said Debra W. Still, CMB, President and CEO of Pulte Mortgage, and a Task Force member. "Furthermore, GSE reform must be done with the objective of maintaining a level playing field for all lenders.

United States: MBA Issues Proposal On GSE Reform. Guarantors’ MBS guaranty would then be supplemented with an explicit government guaranty of the MBS, which would only be used if a Guarantor failed, and would only be used to support the MBS, not the Guarantors and their private investors.

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GSE reform Hannah Lang June 7 Duo on House banking panel say GSE reform should top agenda With the Trump administration appearing willing to shake up Fannie Mae and Freddie Mac without Congress, Reps. Lacy Clay, D-Mo., and Sean Duffy, R-Wis., said legislative action should be a priority.

. Bankers Association (MBA) has formed a task force to revisit its 2009 proposal for the future Freddie Mac and Fannie Mae, the two government sponsored enterprises (GSEs) and the secondary mortgage.

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