Volume 2014 - Number 42
November 7, 2014
Experts: Absent Legislation, Industry Should Push For Administrative GSE Reform, Revise Existing Policies
The mortgage industry cannot and should not wait for Congress to get around to a legislative solution to the government-sponsored enterprises when much of what is necessary can be accomplished administratively, according to experts at a forum hosted by the Urban Institute and CoreLogic. Andrew Davidson, president of Andrew Davidson & Co., noted that among the lessons of this year’s failure to launch a Senate GSE reform bill is that lawmakers find it easier to agree on a set of principles for a mortgage finance system than on the system’s design. With legislation a long shot before the 2016 presidential elections, Davidson said...
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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