In his report, KBW analyst Bose George said, “While Mel Watt, director of the FHFA, was questioned about some of these issues in past congressional hearings, this will be the first hearing to focus exclusively on this topic.”
Some participants in the MBS and ABS markets aren’t doing enough to prepare for the potential discontinuation of the London Interbank Offered Rate, according to industry analysts.
Years of preparation for single security issuance by Fannie Mae and Freddie Mac appear to be paying off as officials involved in the effort suggest that the government-sponsored enterprises and industry participants appear ready for the transition.
Real estate investment trusts, searching for yield, are looking to expand their role in the non-qualified mortgage market, with an eye toward providing greater liquidity to nonbank originators.
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