Nearly six hundred structured finance market participants attended SFA’s annual Residential Mortgage Finance Symposium in New York City on November 4-5. The program included keynote speakers such as Federal Housing Finance Agency (FHFA) Director Mark Calabria, Securities and Exchange Commission Commissioner (SEC) Hester Peirce and recently retired Congressman Sean Duffy (R-WI). In a nod to SFA CEO Michael Bright’s opening comments, both Director Calabria and Representative Duffy noted SFA is a respected voice for the industry, and well-positioned to work with Congress and regulators to create safe and sound structured finance and securitization markets.
Panel discussions addressed prominent developments in the market including:
- Credit Risk Transfer (CRT) initiatives and the looming potential for future private CRT deals
- The potential effects of recently proposed reforms to the GSEs
- Developments in servicing advance and Mortgage Servicing Rights (MSR) financing
- The Qualified Mortgage (QM) GSE Patch expiration
- The discontinuation of Libor
Upon conclusion of the official program, SFA leaders facilitated a members-only roundtable discussion of possible QM reforms building on ideas considered at SFA’s first QM Symposium held in Washington, D.C. last June. Key takeaways from the Symposium will be available soon for distribution.