One lobbyist told Inside Mortgage Finance this week he believes that Watt eventually will strike a deal on the issue with Treasury, but he was uncertain how it might play out.
Meanwhile, the leaders of the Senate Banking, Housing and Urban Affairs Committee have introduced S. 1751, a six-year extension bill with relatively minor reforms, as far as the Realtors are concerned.
The average daily trading volume in agency MBS fell to just $200.5 billion in July, the weakest reading of the year, according to the Securities Industry and Financial Markets Association. Compared to the prior month, MBS trading fell by 4.5 percent. The strongest month of the year came in January at $229.8 billion. In general, a lower reading on average daily trading volume means...
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