Private-Label Securities (PLS) Market
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The market for private-label residential MBS is an important channel by which private entities, rather than taxpayers, invest in mortgage credit risk. While fundamental problems in this market were exposed prior to 2008, solutions have been more difficult
to implement than many expected. MBA supports both market-based and policy-based reforms that would make the private-label market more attractive as opposed to reforms that aim to "crowd in" private capital through regulatory measures to shrink the
agency market. Key reforms relate to data disclosures, capital requirements, and loan-level due diligence.
Recent MBA Activity Related to Secondary and Capital Markets Issues
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MBA Letter to HUD on FY25 Budget Request
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MBA Joint Letter to Federal Reserve on Rate Path; MBS Plans
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MBA Coalition Letter on FHFA Suspended Counterparty Program NPR
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MBA Coalition Letter on FHFA Suspended Counterparty Program NPR (State MBAs)
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MBA Comment Letter to House Leadership on GSE Pricing
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MBA Comment Letter to House Ways and Means Committee on H.R. 3936, H.R. 3937, and H.R. 3938
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MBA Comment Letter on HFSC Markup of GSE Pricing Legislation
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Real Estate Coalition Letter on Debt Ceiling
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MBA Comments: FHLBank System at 100: Focusing on the Future – Request for Input
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MBA Letter to FHFA on Eligibility Requirements for GSE Servicers
Related MBA Events
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School of Mortgage Banking I: August 2024: Online
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School of Multifamily Mortgage Banking: August 2024: Washington D.C.
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School of Mortgage Banking I: September 2024: Dallas, TX
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School of Mortgage Banking II: September 2024: Dallas, TX
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School of Mortgage Banking I: October 2024: Online
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School of Mortgage Banking III: October 2024: Online
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School of Mortgage Banking II: November 2024: Online
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School of Multifamily Mortgage Banking: November 2024: Houston, TX
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2024 CRE Private Credit Finance Summit
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School of Mortgage Banking I: December 2024: Austin, TX