Volume 29 - Number 47
December 6, 2012
Industry Groups Stress Need for Caution in FHFAs Proposed Post-Fannie, Freddie Securitization Platform
The Federal Housing Finance Agency has perhaps overreached in its efforts to develop a post-Fannie Mae and Freddie Mac secondary mortgage market infrastructure as industry groups say the agencys proposal is laudable but rife with unintended consequences. In September, the FHFA in a white paper proposed a framework for both a common securitization platform and a model pooling and servicing agreement with a request for public comment. The proposed infrastructure has...
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