GSE White Paper Outline Leaked to Reuters. No Surprises Shared

Reuters has shared a sneak peek at the Obama Administration's GSE Reform White Paper, which is due tomorrow.

Here are the headlines that just flashed across my Eikon viewer....

15:11 10Feb11 RTRS-OBAMA HOUSING WHITE PAPER DUE FRIDAY INCLUDES OPTION TO CREATE FDIC-LIKE INSURANCE FOR MORTGAGE-BACKED SECURITIES -- SOURCES

15:11 10Feb11 RTRS-OBAMA WHITE PAPER INCLUDES GOVT BACKSTOP OF MORTGAGES DURING NORMAL TIMES BUT PRIVATE MBS INVESTORS WOULD TAKE FIRST LOSS -- SOURCES

15:11 10Feb11 RTRS-OBAMA PAPER TO OFFER ALTERNATIVE OPTION TO CREATE GOVT SYSTEM THAT WOULD PROVIDE GUARANTEE ONLY DURING TIMES OF CRISIS -- SOURCES

15:11 10Feb11 RTRS-OBAMA PAPER TO OFFER THIRD OPTION OF LEAVING FHA AS ONLY PROVIDER FOR GOVT-BACKED MORTGAGES -- SOURCES

15:11 10Feb11 RTRS-OBAMA PAPER SEPARATELY BACKS GRADUAL WIND-DOWN OF FANNIE MAE AND FREDDIE MAC -- SOURCES

...(read more)

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Source: http://www.mortgagenewsdaily.com/02102011_gse_reform_white_paper.asp

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