What’s gestating now in Congress may represent the best chance of reforming the secondary market since Fannie Mae and Freddie Mac were placed into conservatorship in September 2008…
“It is certainly not a coincidence that these lies are being peddled once again as the Senate Banking Committee resumes its work this Congress on reforming Fannie Mae and Freddie Mac,” said Mica Johnson, Sen. Bob Corker’s communications director.
Through three quarters this year, retail originations fell 20.2 percent while brokers saw a 10.3 percent production drop and correspondent lending declined by only 1.8 percent.
Certain temporary modifications have been made to allow lenders to submit demographic information if the currently available fields in the system match the data submitted. Otherwise, just leave the fields blank, according to the FHA.