%0 Journal Article %A Laurie S. Goodman %A Landon D. Parsons %A Gregory Reiter %T Assessing the Current State of the GSEs %D 2013 %R 10.3905/jsf.2013.18.4.188 %J The Journal of Structured Finance %P 188-197 %V 18 %N 4 %X This panel discussed the expectation that a policy debate may begin in earnest after the presidential election, that the debate may still take years to resolve and implement, the FHFA’s new strategic plan for the conservatorship of the GSEs (government-sponsored enterprises), how the GSEs are organizing themselves to build a single open-architecture securitization platform and model pooling and servicing agreement, progress the GSEs are making on winding down their securities portfolios, a proposed single agency security, current pricing inefficiencies between the markets for Fannie MBS and Freddie PCs, various forms of credit enhancement that might emerge in the future, how such credit enhancement may help bring private capital back to the market, changes made in August 2012 to the Senior Preferred Stock Purchase Agreements, and how those changes may affect the wind-down of the GSEs.TOPICS: Fixed income and structured finance, security analysis and valuation %U https://jsf.pm-research.com/content/iijstrfin/18/4/188.full.pdf