“People are pausing because of rampant uncertainty,” said Michael Fratantoni, chief economist and a senior vice president of research and business development at the MBA.
“Fannie Mae and Freddie Mac acting more private but still being in conservatorship might be the best of both worlds,” said Mat Ishbia, president and CEO of United Wholesale Mortgage.
The settlement closes five years of ongoing legal matters between the two companies, following Two Harbors' termination of an agreement with Pine River.