MBA Convenes Task Force To Study GSE Reform

Posted by Orb Staff on December 19, 2012 No Comments
Categories : Residential Mortgage

12948_handshouse MBA Convenes Task Force To Study GSE Reform The Mortgage Bankers Association (MBA) 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. Tim Dale, executive vice president of mortgage lending at BB&T and a former chairman of MBA's Residential Board of Governors (RESBOG), has been named chairman of the task force.

‘The oversized government role in the residential market, and the uncertainty surrounding Fannie Mae and Freddie Mac, have created an unhealthy and unsustainable mortgage market,’ says Dale. ‘Most stakeholders agree that we need to re-engage private capital in the market, but that won't happen until the fundamental questions around the GSEs and the government role is resolved. Our diverse task force of industry leaders will tackle these issues, with a key focus on transition.’

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