Volume 2014 - Number 34
September 12, 2014
Experts Laud FHFA’s Plan for ‘Single Security,’ But Urge Agency to Arrive at the Goal Sooner
The Federal Housing Finance Agency’s “single security” proposal for generic Fannie Mae and Freddie Mac MBS is “well-thought out” and “worthy of serious consideration,” but the agency should pick up the pace in its implementation to avoid making the solution part of the problem, according to a paper by the Urban Institute. Laurie Goodman, director of the UI’s Housing Policy Center, and Lewis Ranieri, chairman of Ranieri Partners, expressed concern that the FHFA “may be contemplating a slower pace in the project than it warrants.” The FHFA last month issued...
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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