The American Securitization Forum said in a comment letter that it supports the Federal Housing Finance Agency’s proposal to create a single GSE securitization platform; but said the solution won’t be a good fit with fully private label securities.

The FHFA outlined plans for the platform in an Oct. 4, white paper. The platform would theoretically provide similar execution for Fannie, Freddie and private-label mortgage-backed securities. MBS issuers would adhere to same pooling and servicing agreements—and the same data reporting requirements and disclosures.

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