Fannie Mae and Freddie Mac released a draft proposal this week on how they plan to boost underserved manufactured housing, rural housing and affordable housing preservation markets for low and moderate-income families over the next three years. Based on a federal law, the Federal Housing Finance Agency’s duty-to-serve rule requires the government-sponsored enterprises to increase financing in those three areas. The plans released this week are part of an extended implementation process. A large part of the duty-to-serve conversation has focused...
Some of the slowdown in non-agency CMBS is likely due to lingering uncertainty about risk-retention requirements, which took effect at the end of 2016.
At March 31, Ditech serviced 1.9 million accounts, with an unpaid principal balance of $220.2 billion. During the quarter, the company suffered a net disappearance rate of 13.56 on its MSR portfolio.
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