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 the GSEs on Loan Assumptions
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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
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MBA Letter to FHFA on the 2022-2026 Strategic Plan
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Joint Letter to Senate Leadership on LIBOR tough legacy contracts
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MBA Letter to OCC on Climate Risk to Banks
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MBA Letter to FHFA on Enterprise Regulatory Capital Framework
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Joint Letter to FHFA on Enterprise Regulatory Capital Framework
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Joint Letter to Ginnie Mae on Pooling Restrictions on Re-Performing Loans
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MBA Letter to FHFA on Enterprise Capital Framework
Related MBA Events
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Townstone Financial: Implications and Takeaways
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School of Mortgage Banking II: February 2023: Online
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Market Recommendations and Profitability Insights for 2023
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Introduction to Mortgage Banking: March 2023
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School of Mortgage Banking III: March 2023: Miami, FL
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School of Multifamily Mortgage Banking: April 2023: Washington, D.C.
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National Advocacy Conference
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School of Mortgage Banking I: April 2023: Detroit, MI
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School of Mortgage Banking II: April 2023: Detroit, MI
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Introduction to Mortgage Banking: May 2023