Rick Sharga, president and CEO of consulting firm CJ Patrick Co., likened LO signings to the current Major League Baseball winter meetings being held in San Diego “where general managers bid against each other for free agents.”
While production at the two government-sponsored enterprises rose a combined 6.7% for the month, hitting $117.55 billion, Ginnie issuance was off 7.3% from October.
The bureau indicated it could grant “a limited extension of the expiration date only as necessary” to provide for an orderly transition away from the patch.