FHFA Releases White Paper on Proposed Common Securitization Platform

Date Published 10/23/2012
Author Federal Housing Finance Agency
Theme Funding Housing Finance
Country United States

The Federal Housing Finance Agency (FHFA) released for public input a white paper on a proposed framework for a common securitization platform and a model Pooling and Servicing Agreement.

The white paper seeks to identify the core components of mortgage securitization that will be needed in the housing finance system going forward. Those core components are linked to two cornerstone operational features: a securitization platform to process payments and perform other functions that could be used by multiple issuers; and a contractual framework supporting the new infrastructure.

The proposed infrastructure has two complementary goals: (1) replace the outmoded proprietary infrastructures of the Enterprises with a common, more efficient model; and (2) establish a framework that is consistent with multiple states of housing finance reform, including greater participation of private capital in assuming credit risk. The new platform is meant to work well with or without various degrees of government involvement. Link to White Paper

Related Links & Resources

2000Home Loan and Mortgage Disclosure Act

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