Michel Berman, President of CWCapital, Vice Chair of the Mortgage Bankers Association and Chair of the MBA's Council on Ensuring Mortgage Liquidity, has played a leadership role in the council's development of a white paper titled "Key Considerations for the Government-Sponsored Enterprises."

The Council, which is working to provide a framework for a renewed secondary mortgage market, is comprised of a select group of leaders from the real estate finance industry.  Its cross-industry representatives include the single-family, multifamily and commercial sides of the industry, as well as depository institutions, mortgage banking firms, mortgage insurers and more.  

Michael Berman elaborated on the paper stating, "The white paper presents a set of building blocks from which policy makers, industry representatives, academics and others can begin to understand and discuss the merits of different options and recommendations. It is not a policy statement. In the coming weeks, the Council will continue to identify key principles that policymakers should consider when evaluating proposals that will affect the market's future."

The paper stems, in part, from a summit hosted by the council in November that brought together academics, industry professionals, regulators and others to discuss what fundamental elements are required for a functioning secondary market.

The white paper can be found on the MBA’s Web site by clicking here.