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April 3, 2014

Nonbanks Outnumber Banks in Top 100 Sellers to GSEs

By John Bancroft

Wells Fargo and JPMorgan Chase both had huge drops exceeding 40 percent on mortgages sold to Fannie Mae and Freddie Mac.

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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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