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November 7, 2014

What We’re Hearing: GOP May Push for Changes to Points-and-Fees Rule / The Freddie Mac ‘Loss’ Scenario / Freddie Goes Small / A Cut in FHA Premiums? Don’t Bet On It / Non-QM Third-Party Lender List Tops 25 / More Mortgage Job Cuts at JPM

By Paul Muolo

So, there’s no chance at all that the GOP will be able to push through a Fannie Mae/Freddie Mac reform bill, right? Maybe, maybe not.

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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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