IREM adopted a statement of policy in April of 2011 on the secondary mortgage market
, in which we recognize the role of the secondary mortgage market
in providing stability for the multifamily housing market.
Ryan Donavan, CUNA's senior vice president of legislative affairs, agreed with Thaler that it is very unlikely that Congress overall will pass any secondary mortgage market
reform this year.
The Council on Ensuring Mortgage Liquidity convened its Summit on the Future of the Secondary Mortgage Market
and the Government-Sponsored Entities in mid-November, gathering more than 130 MBA members and housing industry leaders to hear from leading academics and secondary market participants about the causes of the credit crisis and the key factors needed to re-establish a robust new secondary market.
For a discussion of the history of the FHA's programs and its credit policies, see Susan Wharton Gates, "FHA at a Crossroads," Secondary Mortgage Markets
The current secondary mortgage market
is dominated by two government-sponsored enterprises, Fannie Mae and Freddie Mac, which failed in September 2008 and have existed ever since as directly government-controlled organizations.
This information will provide much greater detail than the HMDA data for the loans purchased; however, the HMDA data provide information on both the primary and the secondary mortgage markets
in metropolitan areas and thus will allow comparisons that can be used to evaluate the difficulties and opportunities that the GSEs encounter in attaining these goals.
The sixth module, "Multiclass Mortgage-Backed Securities," introduces CMOs, REMICs and SMBSs, while the seventh lesson, "Doing Business in the Secondary Mortgage Market
," deals primarily with the functions and services of investment bankers.
The goals of the agency's plan include building new infrastructure for the secondary mortgage market
of the future along with taking steps to move more of the mortgage business away from the GSEs.
is a leading Internet-based secondary mortgage market
exchange through its proprietary Web-based platform, pedestal.
Secondary Mortgage Market
Basics provides an introduction to this critical facet of mortgage lending and offers a clear explanation of how the development of the secondary mortgage market
has shaped the mortgage industry.
Credit unions have a large stake in the debate over how to reform the secondary mortgage market
but may need exceptional patience and endurance to see it through to the end.
com, management's vision and expertise, and the untapped growth potential of the secondary mortgage market
," said David Tabors, a Principal of Battery Ventures and a member of Pedestal's Board of Directors.