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May 21, 2014

HUD to Unload $4.8 Billion of Nonperforming Mortgages in June

By Paul Muolo

The HUD auction has two parts: A national offering of roughly 23,200 loans and a Neighborhood Stabilization Outcomes Pool of 4,800 notes.

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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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