SFIG Continues Advocacy Effort for Full Mortgage REIT Investment in GSE Credit Risk Sharing Transa

Last week, SFIG staff met again with members of the House Committee on Financial Services, including the staff for Representatives John Delaney (D-MD), Denny Heck (D-WA), Patrick Murphy (D-FL), and David Scott (D-GA) to discuss mortgage Real-Estate Investment Trust (“mREIT”) participation in government-sponsored enterprise (“GSE”) credit risk sharing transactions (“CRTs”). In 2013, the Federal Housing Finance Agency directed the GSEs to issue mortgage credit securities in order to shift credit risk to the private sector and further protect the taxpayers. However, there are regulatory obstacles that prevent mREITs from fully participating in CRTs. SFIG is advocating for clarification of mREIT rules to promote more private capital to be allocated to the CRTs.

Contact Michael.Flood@sfindustry.org to learn more about SFIG’s Congressional outreach efforts.

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