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Volume 2014 - Number 39

October 17, 2014

Wall Street Urges Caution on GSE Single Security; Lenders Say Full Speed Ahead

Waiting several years to unify Fannie Mae and Freddie Mac securities into a single MBS could pose a huge risk to its successful completion, warned the mortgage banking industry, but Wall Street thinks it’s worth the wait to get market participants totally behind the move. The Federal Housing Finance Agency’s proposed single security for the government-sponsored enterprises met with conflicting views as the comment period ended this week. The proposal is aimed at eliminating Freddie’s pricing disadvantage and improving liquidity in the to-be-announced market. The Securities Industry and Financial Markets Association urged...

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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.

 

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Poll

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

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2 to 3 years. GSE reform is complicated.
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