Federal Housing Finance Agency Director Mel Watt has less than 11 months left in his term, but already the speculation has begun regarding who the Trump administration might pick to succeed him.
Risk-sharing transactions from the government-sponsored enterprises are experiencing strong demand at issuance as well as in secondary trading. Officials at Fannie Mae and Freddie Mac note that they’re working on further improvements for the Connecticut Avenue Securities and Structured Agency Credit Risk programs.
A few years back, Pinto and AEI unveiled a new mortgage product called the Wealth Building Home Loan, which was intended to provide an affordable mortgage option for low- and middle-income borrowers.
Mortgage repurchases and indemnifications declined significantly in the fourth quarter of last year, according to a new Inside Mortgage Trends analysis of buyback disclosures filed by Fannie Mae and Freddie Mac. Lenders repurchased $230.4 million of single-family loans from mortgage-backed securities guaranteed by the two government-sponsored enterprises during the fourth quarter. That figure – which includes loans for which lenders indemnified ... [Includes two data charts]
Republicans in Congress are using the potential for administrative reform of the government-sponsored enterprises as leverage in negotiations on housing-finance reform legislation, according to industry observers. Passage of reform legislation involving Fannie Mae and Freddie Mac appears unlikely this year and some investors in the secondary market would prefer to keep things as is.
Pete Carroll, an executive at CoreLogic, noted that many Democrats in Congress will not support a housing finance reform bill unless such provisions are included.
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