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Abstract
Fannie Mae and Freddie Mac, the mortgage securitization government-sponsored enterprises (GSEs), have been in conservatorship since 2008. This article looks at various proposals to reform the securitization process for conventional mortgages using the format of a bingo board. The bingo board format offers an overview of the primary functions of the securitization process and what entities can provide those services. GSE reform proposals have mirrored the structure of the private-label mortgage market and the government mortgage market. In the absence of congressional action, Fannie Mae and Freddie Mac have been significantly transformed by their regulator. The transformed entities may be a basis for future reform.
TOPICS: MBS and residential mortgage loans, financial crises and financial market history
- Copyright © 2016 Andrew Davidson & Co., Inc. All rights reserved. Not to be reproduced or redistributed without permission.
Don’t have access? Click here to request a demo
Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600