The Mortgage Bankers Association is forming a “task force” to help conceptualize what the secondary mortgage market of the future will look like, reports HousingWire staffer Ben Lane.
The task force will look to develop a proposal that will address the future of the secondary mortgage market, and in particular, an end-state model that can also fulfill an affordable housing/duty to serve mission.
The task force, which, according to the MBA, will be led by Rodrigo Lopez, executive chairman of NorthMarq Capital Finance and chairman-elect of MBA, plans to complete its proposal by the end of year.
“A strong, sound secondary mortgage market is paramount to the overall success of the real estate finance industry,” Lopez said. “That is why it is of the utmost importance that policymakers and stakeholders create a strong and stable system that ensures liquidity, affordable mortgage credit and serves consumers.”