Homes in areas with climate risk tend to be overvalued during mortgage refinancing, according to a study from the Massachusetts Institute of Technology Center for Real Estate.
In the wake of Trump’s social media posts pledging to retain the implicit guarantee for GSE MBS, industry analysts see signs for support for the administration’s plans for GSE reform.
Two Harbors booked a nearly $200 million contingency liability after a court ruled that the REIT improperly ended a contract with its one-time external manager.
The White House released more details on its plan to reduce funding for the Department of Housing and Urban Development by $33 billion, as the Senate returns from recess to begin deliberations.
Many stakeholders remain skeptical of the Trump administration’s efforts to release the GSEs from conservatorship, but some analysts now say the process need not meaningfully impact mortgage rates.
The ABA and state regulators have opposing positions regarding federal preemption of state laws. The Trump administration is considering the views amid an effort to reduce regulatory burdens.