More Ideas for Rebuilding the Secondary Mortgage Market

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Posted To: MND NewsWire

The Center for American Progress has released a letter it, along with three other groups sent to the Federal Housing Finance Agency (FHFA) regarding its plan to create a new securitization platform for the secondary mortgage market . The letter, sent on December 3, was in response to FHFA's request for comments on the plan and was co-signed by the Consumer Federation of America, the National Council of LaRaza and the National Housing Conference collectively referred to as the Mortgage Finance Working Group (the Group.) The letter says that any effort to responsibly wind down Fannie Mae and Freddie Mac (the GSEs) and bring private capital back into the mortgage market must be guided by five principles : Provide market participants with the confidence to deliver a reliable supply of capital ensuring...(read more)

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Source: www.mortgagenewsdaily.com

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