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September 26, 2014

Treasury Sees a ‘Benchmark’ Non-Agency MBS as Potential Spur for Market

By Brandon Ivey

The Treasury Department will have a key role in developing a $1 billion "test" non-agency security.

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After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


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