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Volume 2014 - Number 23

June 12, 2014

Expert: Preserve, Don’t Eliminate Fannie, Freddie; Congressional Action Not Required for FHFA Fixes

Meaningful housing finance reform that would include “fixing” Fannie Mae and Freddie Mac, rather than euthanizing them outright, is still possible in 2014 and doesn’t require Congressional action, according to an expert speaking on the topic this week on Capitol Hill. Speaking at a government-sponsored enterprise forum sponsored by Investors Unite, Joshua Rosner, managing director at Graham Fisher & Co., said that GSE reform should consist of repurposing rather than eliminating Fannie and Freddie. “We shouldn’t reinvent...

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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?

Yes, but not by much.
Yes, by a lot.
Yes and, heck, we may even do non-QM lending.
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No and we may even tighten credit.

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