SFIG Continues to Push for Full mReit Participation in Agency CRT Transactions

This week, SFIG met with the staff of Representatives Edward Royce (R-CA), John Delaney (D-MD) and Senator Bob Corker (R-TN) 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.

Last week, Securities and Exchange Commission (“SEC”) Chair Mary Jo White testified before the House Financial Services Committee and agreed to work with Congressman Royce on the increasing mREIT participation in CRTs.

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

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