GSE Transition Plan


MBA believes a successful secondary mortgage market needs to produce a more stable and competitive system for lenders. Any transition to an improved system must retain and redeploy key aspects of the GSEs’ existing infrastructures, including certain operational functions, systems, people and business processes.

View current advertisement campaign - Support Housing Finance Reform - April 2014



Statement from the National Housing Conference on Recent Ads Attacking Bipartisan Reform Effort - 4/7/14

MBA Statement on Senate Banking Committee’s Housing Reform Discussion Draft - 3/17/14

MBA's Stevens Comments on Senate Banking Housing Finance Reform Proposal - 3/11/14

Read David H. Stevens' 12/12 op-ed in the Washington Times:
Resisting the Seduction of Housing Speculation

MBA's Principles for the Future of the Secondary Mortgage Market:
GSE Reform - What You Need to Know


MBA's Road Map for the Housing Finance System

MBA GSE Transition Plan Steps (in-depth)

In order to help pave the road for housing finance reform, MBA has developed a series of steps that can be taken now.

Each one of these steps advances healthy reforms to the secondary mortgage market and can be taken by the Federal Housing Finance Agency (FHFA) and/or the GSEs without the need for authorizing legislation, thus allowing Congress to focus its efforts on developing the end state.

MBA believes these steps are extremely important to support a competitive, robust and sustainable housing finance system regardless of the ultimate path taken by policy makers in Washington.

Read the full plan by clicking the graphic below or click on each step to read each individual component.


Ensuring Liquidity Through a Common GSE Security »


Up-Front Risk Sharing: Ensuring Private Capital Delivers for Consumers »


A Secondary Market That Works for Smaller Lenders »


Keys to Expanding Credit Access: Transparent Credit Boundaries and Clearer Representations and Warranties »


Common Securitization Platform: Direction, Scope and Governance »

Read recent speeches covering the plan:


MBA CEO David H. Stevens Presents Transitional Steps for Secondary Market Reform, at the California Mortgage Bankers Association's 41st Annual Western Secondary Market Conference, July 10, 2013

MBA CEO David H. Stevens Presents Actionable First Steps for Secondary Market Reform, at MBA's National Secondary Market Conference & Expo, May 6, 2013