In a letter sent to the U.S. Department of the Treasury Secretary Jacob Lew today, the FSR’s Housing Policy Council urged the Department’s officials to take steps that rebuild trust among Private Label Securities market participants so the market can reopen.
Regulatory Comment Letters posted on August 8, 2014 at 4:31pm
The Housing Policy Council supports a housing finance system that is based upon three segments. The dominant segment would be conforming mortgage loans that are backed by private capital and private mortgage insurance and carry a catastrophic federal guarantee when securitized.
As I’ve blogged in the past, the U.S. Department of Education (DOE) – apparently now part of the growing ranks of federal banking regulators – is in the process of preparing a rule intended to make it extremely difficult for a financial institution to have any sort of business arrangement with a college or university.