International Briefings - The Way We Were


In the middle years of disco and the early days of securitisation, mortgage-backed bonds were on balance sheet and government-sponsored enterprises (GSEs) were a factor, albeit not a dominant one, in the market. Over time, securitisation became an off-balance-sheet financing approach that provided enormous leverage, and GSEs became central to the growth of the market.

Since the advent of the financial crisis, GSEs have purchased at least 70% of residential originations in the United States. In early February 2011, the Department of the Treasury and the Department of Housing and Urban Development published a report outlining a three-pronged approach to restructure the US. housing finance system.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Published In: Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Morrison & Foerster LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »