MBA Cautions FHFA on “Waterfall Approach” in UMBS Pooling

National Mortgage Professional, Jan. 22, 2020–Phil Hall
The Mortgage Bankers Association sent a pair of letters to Federal Housing Finance Agency Director Mark Calabria in response to a Request for Input related to the pooling practices used by Fannie Mae and Freddie Mac in the Uniform Mortgage-Backed Security market.