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April 1, 2014

March Fannie/Freddie MBS Issuance Weakest Since January 2009

By John Bancroft

Most industry fortune tellers expect the mortgage market to rebound somewhat as home-buying season warms up. (There are daffodils in Washington.)

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After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


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