Fannie and Freddie addressed that problem by beginning to structure CAS and STACR transactions as real estate mortgage investment conduits – which REITs can buy more freely.
Rep. Jeb Hensarling, R-TX, had planned to finish his House career with a hearing on housing-finance reform focusing on a bipartisan plan that could get new legs in the next Congress.
Under a new pilot program announced last week, Freddie Mac will purchase mortgages on manufactured homes at the same low rates available for traditional site-built homes.