Exterior of MBA headquarters MBA headquarters in Washington, DC. (Photo: Vornado Realty Trust)

WASHINGTON, DC—Calling GSE reform “the last piece of unfinished business from the 2008 financial crisis,” the Mortgage Bankers Association on Thursday released a white paper outlining its plan for doing so. MBA’s proposal would bring much higher levels of private capital into the secondary mortgage system, while preserving what works in the current system: namely, 30-year fixed rate single-family mortgages, the TBA market and long-term multifamily financing options.