SIFMA, the American Bankers Association, the Association of Mortgage Investors, the Housing Policy Council of the Financial Services Roundtable, the Mortgage Bankers Association and the Structured Finance Industry Group provided comments to the FHFA for Information on the GSE’s credit risk transfer programs. This letter focuses on a few key issues – that FHFA not pick a winner among the various forms of CRT, that FHFA allow the market to continue to grow and experiment, and that we believe there will be a continuing important role for back end CRT such as STACR and CAS. The letter also explores in some detail regulatory barriers to broader participation of mortgage REITs in these markets, and other obstacles to broader liquidity.

See also:
RFI on U.S. Treasury Market Structure

SIFMA and Other Associations Submitted Comments to the FHFA on FHFA Front End CRT RFI