Innovation and lower costs became prominent themes at the National Secondary Market Conference sponsored by the Mortgage Bankers Association of America. Prominent players in the secondary market convened in San Diego, Calif. last week to discuss such high-profile issues like predatory lending and higher mortgage rates, along with how technology and e-commerce are shaping the entire industry from origination to securitization.

Among the wide array of speakers at the conference, Fannie Mae's vice chairman Jamie Gorelick discussed how discussion about the bill currently in Congress to place the government-sponsored enterprises under one regulator and stripping their lines of credit to the U.S. Treasury has created higher-than-necessary mortgage rates.

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