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Volume 2014 - Number 9

March 7, 2014

GSE Common Securitization Platform Has Annual Budget of (Maybe) $300 Million but No Final ‘Plans’

It’s been almost six months since the Federal Housing Finance Agency filed articles of incorporation for the entity creating the common securitization platform, but the agency continues to maintain a wall of silence on key issues related to the project, including the size of its operating budget. According to private-sector officials who have been provided certain information about the project – legally incorporated as Common Securitization Solutions LLC – the joint venture has an annual budget of between $100 million and $300 million. One former government-sponsored enterprise executive, requesting anonymity, said...

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

 

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