Volume 2014 - Number 9
March 7, 2014
Uniformity, Transparency Needed to Restart Anemic Private-Label MBS Market, Says Geithner Counsel
Greater standardization and transparency is needed to overcome the impediments to growing a new issue, non-agency MBS market, according to Michael Stegman, housing finance policy adviser to Treasury Secretary Jacob Lew. In remarks this week at the JP Morgan Securitized Products Research Conference, Stegman said lack of housing finance reform, lingering distrust among non-agency securitizers, lack of product and the trauma of heavy losses have stunted the growth of the market. The lack of reform of the government-sponsored enterprises should not become...
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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