Feds’ Risk-Retention Plan Favors GSEs, Would Stymie Nonconforming Market
April 8, 2011
Risk-retention requirements proposed by federal regulators last week strongly favor the government-sponsored enterprises over non-agency securitization, according to industry analysts. The pristine mortgages in Redwood Trust’s recent jumbo securitization would not completely meet the standards and the vast majority of... [Includes one graph]
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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