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Volume 14 - Number 3

February 7, 2014

FHFA Backburners Search for CSP Head

It appears that the Federal Housing Finance Agency has slowed its search for a chief executive and chairman to manage the fledgling common securitization platform, which is slated to be headquartered in Bethesda, MD. One former candidate for the CEO position told Inside The GSEs: “It’s pretty much turned into the mess I suspected it would a year ago.” Discussing the chairman position, he added: “They still haven’t come to terms on compensation for the person they want.”

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With rates higher this year, there has been talk of lenders liberalizing their underwriting standards in an effort to increase volume and make up for lower refis.

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