The Mortgage Bankers Association (MBA) is willing to back a GSE-related refinancing bill introduced by Sen. Al Franken, D., Minn., but wants assurances that the industry will no longer be hit with buyback requests on loans that are several years old.

In a new letter, MBA chief Dave Stevens said the trade group supports Franken's bill, but wants modifications made to it where the Federal Housing Finance Agency (FHFA) would “set clear, consistent and transparent GSE loan repurchase request procedures.”

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