In the second quarter, lenders funded $565 billion, an eye-popping sequential gain of 59.2%. It’s anticipated that the fourth quarter will yield the same, if not more.
Shouldn’t the managements of Fannie and Freddie start preparing for the day when they’re “free” from the shackles of regulatory bondage? Shouldn’t CEOs Hugh Frater (Fannie) and David Brickman (Freddie) be holding high level meetings with their lieutenants regarding strategies for the future?
Of course, mortgage historians know that Berkshire took a bite at the GSE apple a few decades back. In 2000, Berkshire was one of the largest shareholders in Freddie...
1st Alliance CEO John Dilorio disputed the interpretation, noting that unlicensed call center workers had no ability to choose a program, lock a mortgage rate, process underwriting findings or present loan terms to borrowers.
In the Treasury blueprint, the Trump administration clearly states its position: “Congress should consider permitting additional classes of mortgage lenders to become FHLBank members.”