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Volume 2014 - Number 4

January 31, 2014

Is the Common Securitization Platform Turning Into a Mess?; What Happened to the Chairman and CEO Searches?

Although the Fannie Mae/Freddie Mac common securitization platform is now legally incorporated, has a signed lease for office space in suburban Maryland and is growing staff, it still doesn’t have a chief executive and chairman – two essentials to be taken seriously by the market. “It’s pretty much turned into the mess I suspected it would a year ago,” said one former candidate for the CEO job, who spoke under the condition his name not be used. Discussing the chairman position, he added...

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

 

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