As press time, details were sketchy, but lobbyists who claim to have knowledge of the draft caution there are several “different pieces” to the measure...
Fannie Mae and Freddie Mac set aside a combined $1.9 billion to cover potential losses to MBS collateral from the powerful hurricanes that slammed the U.S. and its territories this fall. Ginnie Mae, meanwhile, hasn’t issued an update on affected loans in several weeks, but the government guarantor is trying to stay optimistic.
Real estate mortgage investment trusts continued to build up their agency MBS investment port-folios during the third quarter, though most REITs had a more difficult time in the less-liquid non-agency MBS market.
Three analysts at Wells Fargo Securities discussed in a new report this week what could happen to the agency MBS market as a result of pending tax reform, one version of which was passed by the U.S. House of Representatives this week. As always, the devil is in the details; hence, the bitter in-fighting among entrenched interests on Capitol Hill.