FHFA Common Securitization Platform and the Potential
for GSE Risk Sharing

Abstract

This panel was held at the ASF 2013 conference in Las Vegas, NV, on Tuesday, January 29, 2013. The panel moderator, Stephen Kudenholdt, asked the panel questions based on a Federal Housing Finance Agency (FHFA) white paper published on October 22, 2012, “Building a New Infrastructure for the Secondary Mortgage Market.” This white paper addressed 1) a common infrastructure and platform for securitizations by Fannie Mae and Freddie Mac (the GSEs), 2) whether this infrastructure might have some application to the private label market, and 3) the use of that platform for risk-sharing transactions by the GSEs. All of these issues were examined in the panel discussion.

TOPICS: Security analysis and valuation, credit risk management