MBA Recommends $30 Billion Backstop to Boost Warehouse Funding of Mortgage Loans
March 12, 2009
The Mortgage Bankers Association has called for a short-term federal guarantee of warehouse lines of credit, including a $30 billion backstop to boost liquidity for warehouse lending for loans insured or guaranteed by federal housing agencies, Fannie Mae and Freddie Mac. The MBA hopes that a federal guarantee will encourage the government-sponsored enterprises to provide temporary...