Still, the overall share of ARMs is declining. The loans accounted for 7.5% of first-lien originations in the first nine months compared to 10.8% for full year 2019.
Questions posed by the FHFA include whether the GSEs should use appraisal waivers and how lenders might manipulate automated underwriting systems when seeking an appraisal wavier from the GSEs.
The signature averts a shutdown of the federal government and paves the way for stimulus payments while Trump pressures Congress to send even bigger checks.