Tag Archives: Private Label Securities

The Treasury Department announced Thursday new efforts by the Obama Administration to further stabilize the housing market. During his remarks at the Making Home Affordable (MHA) Fifth Anniversary Summit, Secretary Jack Lew announced an extension of the MHA program for at least one year and a new effort to help jump-start the Private Label Securities (PLS) market.

The Federal Housing Finance Agency (FHFA), serving as the conservator of Fannie Mae and Freddie Mac, announced a settlement for $110 million with First Horizon National Corporation. The settlement resolves alleged violations of securities laws in connection with private-label mortgage-backed securities (PLS) purchased by Fannie Mae and Freddie Mac from 2005-2007.