Private-Label Securities (PLS) Market
Share to
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
-
MBA Testimony of David H. Stevens: “Principles of Housing Finance Reform”
-
MBA Letter to DOA on Improving Customer Service
-
MBA Letter to FHFA on Duty to Serve Proposed Evaluation Guidance
-
MBA Letter to the House Financial Services Committee on Financial CHOICE Act 2.0
-
MBA Letter to FHFA on Chattel Financing of Manufactured Homes Request for Input
-
MBA Letter to FHFA on Duty to Serve Proposed Rule
-
Joint Letter to House Financial Services Committee on Congress Blocking FHFA's Proposed FHLB Rule
-
MBA Letter to Senate Appropriations Committee on HUD Appropriations for FY 2016
-
MBA Letter to Senate Banking Committee Chairman on the Financial Regulatory Improvement Act of 2015
-
Joint Letter to Senate Budget Committee on Legislative Amendments to Prevent G-Fee Use to Offset Unrelated Spending
