MBA Comment Letter to FHFA on Freddie Mac’s Proposed Purchase of Single-Family Closed-End Second Mortgages
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The Mortgage Bankers Association1 (MBA) thanks the Federal Housing Finance Agency (FHFA) for the opportunity to comment on a new product proposal2 from Freddie Mac which would allow them to purchase certain closed-end second mortgages. To ensure this new product addresses mission-related needs in the market and does not supplant existing similar offerings or cause unintended market disruption, MBA recommends that FHFA address the outstanding questions before rendering a decision on product approval.
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