Top officials at Fannie Mae and Freddie Mac extolled the major improvements made at the two GSEs over their decade in conservatorship, and a key Trump administration official reiterated his view that the gains should be preserved.
Although legislative reform of Fannie Mae and Freddie Mac is dead for now, Ginnie Mae supporters continue to worry about what might happen to agency MBS spreads if the government-sponsored enterprises get an explicit guarantee on their MBS.
During a discussion with Inside The GSEs, Freddie Mac CEO Donald Layton said the credit-risk transfer program is one of the company’s greatest accomplishments.
Freddie Mac updated its Loan Product Advisor to include a feature for assessing the income of self-employed borrowers in an automated underwriting system, the first such tool in an AUS, officials say.
A Senate hearing on Fannie Mae and Freddie Mac pilot programs is back on the schedule for the lame-duck session of Congress following the elections next month.
Fannie Mae and Freddie Mac said it’s critical that the mortgage industry prepare now to implement both the Uniform Mortgage Data Program and the single security next year.
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