Freddie CEO Don Layton: "People tell me, ‘Well, let’s have a common AUS that everyone can use.’ My only data point on that is that to have a common system on the backend for the security (UMBS) took seven years and $2 billion to build…”
Ron Haynie, senior vice president of mortgage finance policy for the Independent Community Bankers of America, said smaller institutions have already benefited from reg relief…