MBA to Release Recommendations on Secondary Mortgage Market Reform
This morning, the Mortgage Bankers Association will release a paper outlining its recommended approach for secondary mortgage market reform.
The paper, GSE Reform Principles and Guardrails, was developed by the MBA Task Force for a Future Secondary Mortgage Market, created last year by MBA to examine current secondary market issues and to recommend actions by Congress, the Administration and regulatory agencies.
MBA will hold a news conference at 10:30 a.m. ET. Speakers will include:
–MBA Chairman Rodrigo Lopez, CMB;
–MBA President and CEO David Stevens, CMB
–MBA Chief Economist Mike Fratantoni
–Al Blank, President of Union Home Mortgage and Task Force Member
–Mike May, Senior Managing Director of Berkeley Point Capital and Task Force Member
MBA NewsLink will provide coverage.