The American Securitization Forum (ASF) said in a white paper it released today that the single securitization platform for the GSEs outlined by the Federal Housing Finance Agency (FHFA) in its strategic plan could eliminate the pricing disparity that exists among the two agencies.

"Eliminating market inefficiencies through a single agency security should result in lower mortgage rates for borrowers and reduced costs to American taxpayers," explained Tom Deutsch, executive director of the ASF. "Creating a single security should result in better execution, the benefits of which would be passed on to consumers in the form of lower interest rates and taxpayers in the form of reduced losses."

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