Under New FHFA Director Watt, CSP Progress Will Continue But It May Not be a Pet Project
December 13, 2013
The fledgling common securitization platform project isnt likely to get off course under new Federal Housing Finance Agency Director Mel Watt, but it probably wont be the new regulators pet project either, according to industry advisors and investment bankers tracking the CSPs trajectory. One thing is certain though: Watt approved by the Senate just this week is so new to the job that hes not likely to make any major speeches or policy statements about the project until sometime in January, at the earliest. Industry officials note...