By Rob Chrisman

Posted To: Pipeline Press

The last seven days has involved a little travel for me: Oregon, Incline Village in Nevada, and now Manhattan for the MBA’s Secondary Marketing Conference. Besides the news that toy store FAO Schwarz will shut its iconic Fifth Ave. flagship store (remember Tom Hanks’ “Big”?) – probably due to rents averaging $3,500 per square foot in the area – the chatter at the conference revolves around something good. The FHFA released its Progress Report on the development of the single GSE security. This update details the progress made since FHFA requested comment on the effort last year. As a reminder, the goal of the single security project is to increase secondary market liquidity by allowing the GSE securities to be fungible for purposes of TBA delivery. The WSJ told us that Fannie & Freddie…(read more)

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Via:: GSE and Investor Updates Continue; What if Fed Tweaked its Balance Sheet?

      

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Written by : Mortgage News Daily

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