Expected on GSE Reform: Reconstituted Fannie And Freddie, Federal Backing for MBS, Not Issuers
December 21, 2017
The mortgage industry is beginning to get a whiff of what reform of the nation’s housing-finance system might look like next year: a federal gurantee on a new breed of conventional MBS but no backing – at all – of the entities that issue guaranteed securities.
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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