SIFMA Submits Comments to Treasury on the Development of a Responsible Private Label Securities Market

SIFMA submitted comments to the U.S. Department of Treasury ("Treasury") regarding the development of a functioning private-label securities ("PLS") market for securitizations.

SIFMA stated it is a "strong supporter" of the restoration of private-sector securitizations, noting that the recovery of this market is necessary for a "reinvigoration" of the housing system in the U.S. SIFMA also commented that it is time to review the housing finance system, and addressed a number of issues that need careful analysis, which included:

• how the regulatory framework governing mortgage lending has changed;
• how the regulatory framework governing securitization is changing; and
• how the attitudes and needs of lenders, securitizers, and investors have changed.

See: SIFMA Comment Letter; SIFMA Recommendations for Revitalizing Private-Sector Mortgage Funding.