GSE Reform: Balancing Competing Priorities
BY MICHAEL FRATANTONI, MORTGAGE BANKERS ASSOCIATION
Michael Fratantoni is MBA’s Chief Economist and Senior Vice President of Research and Industry Technology. In this role, he is responsible for overseeing MBA’s industry surveys, benchmarking studies, economic and mortgage originations forecasts, industry technology efforts, and policy development research for both single- family and commercial/multifamily markets. Additionally, Fratantoni is president and member of the Board of Directors of MISMO, serves on the CSP’s Industry Advisory Group, and is chair of the membership committee of MERS.
MBA’s Task Force for a Future Secondary Mortgage Market was created in March 2016 and directed to develop a proposal that will address the future of the secondary mortgage market. The members of this task force are made up of individuals from MBA member companies representing a broad cross- section of the residential and multifamily real estate finance sectors, including
entities of varying sizes and business models. The comments below describe how the task force balanced competing priorities in arriving at this proposal. These priorities included protecting taxpayers, maintaining access to credit and low costs for consumers, and establishing a viable business model that can attract substantial private capital into the housing finance system.
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