MBA assembles task force to revisit single-family GSE reform

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The GSE Single Task Force will consist of members from various companies including jpmorgan chase, PNC Bank, Wells fargo home mortgage, PennyMac Loan Services and Quicken Loans.

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The Impetus for GSE Reform. By Ike. the last eight years have increased the cost of building a new home by roughly 30%-a datum that’s true both for single family homes and multi-unit.

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The Mortgage Bankers Association has launched a task force designed to offer a strategy for comprehensive reform of the government-sponsored enterprises (GSEs). MBA’s 17-member GSE Single Family Task Force will revisit the trade group’s 2009 policy position on reforming Fannie Mae and Freddie Mac and offer an updated strategy on how to proceed with GSE reform.

Our diverse task force of industry leaders will tackle these issues, with a key focus on transition." The members of MBA’s GSE Single Family Task Force are: Timothy C. Dale, CMB (Chairman), BB&T

The current white paper is a follow up to gse reform: principles and Guardrails, which was released earlier this year. Both were offered up by the MBA’s Task Force for a Future Secondary Mortgage Market, made up of MBA member companies from the residential and multifamily real estate finance industries.