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Volume 2014 - Number 21

May 30, 2014

GSEs and Their Regulator Still Don’t Have a Handle On How Long CSP Will Take, or What It Will Cost

Building the new common securitization platform for Fannie Mae and Freddie Mac may be the easy part. Plugging in the two government-sponsored enterprises is another story. Through the end of last year, the two GSEs had spent about $65 million to build the CSP, according to a report by the Inspector General of the Federal Housing Finance Agency. The IG estimated that Fannie and Freddie this year are spending about $6 million a month to continue that work. In fact, neither the GSEs nor the FHFA have yet come up...

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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.

 

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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.

Do you think your shop will loosen standards over the coming three months?

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No and we may even tighten credit.

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