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.
VantageScore Solutions has hired Emre Sahingur, a former chief risk officer for model risk management at Fannie Mae, as senior vice president for predictive analytics, research and product management.
Real estate investment trusts will increasingly become key investors in the credit-risk transfer market, according to recent analysis by Keefe, Bruyette & Woods.
Stress tests of the 11 Federal Home Loan Banks went off without a hitch this year. But a closer look reveals varying performance among the banks in the event of a major economic downturn and their relative exposure to the risks measured by the tests.
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