2012-09-12 — housingwire.com
The FHFA is trying to build a flexible mortgage securitization platform that will support a secondary mortgage market when Fannie Mae and Freddie Mac finally reduce their roles in the space. At the AMC, DeMarco gave an indication of what the white paper will look like.
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The structure the FHFA proposes for the secondary mortgage market includes recommendations for a new, standardized pooling and servicing agreement and a revamped framework for reps and warranties on all conventional loans sold or delivered after Jan. 1, 2013.
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