MBA Offers Detailed GSE Reform Proposal

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March 22, 2017
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MBA Offers Detailed GSE Reform Proposal

Tom Millon, President and CEO of Capital Markets Cooperative, a Computershare company, issued the following statement on the Mortgage Bankers Association’s release of its GSE Reform proposal,

GSE Reform: Creating a Sustainable, More Vibrant Secondary Mortgage Market“: “With both Congress and the new Administration making legislative reform of Fannie Mae and Freddie Mac a priority, it’s important that the mortgage industry has a strong voice at the table.  As a member of the MBA’s Task Force that developed the new white paper, I believe the MBA plan offers a viable path forward to reforming the GSEs.  Of particular importance, the MBA paper recognizes the critical role that smaller, community-based lenders play in the market, and recommends key protections to ensure that they maintain direct and reliable access to the federally supported secondary market guarantors.”

Click here for the MBA’s press release and full report.