Non-agency mortgage-backed securities investors do not have enough confidence to allow for accelerated reform of the government-sponsored enterprises, according to Michael Berman, chairman of the Mortgage Bankers Association. “The key is the private markets have spoken that they don’t have confidence,” Berman said last week in...
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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