First-time homebuyers accounted for over half of the purchase-money mortgages securitized by Fannie Mae, Freddie Mac and Ginnie Mae during the second quarter of 2018, according to a new analysis of mortgage-backed securities data by Inside Mortgage Finance. [Includes four data charts.]
One housing lobbyist dismissed the bill as misguided, adding: “This is like someone laying on their death bed after drinking and sinning and finally realizing they need to get baptized.”