“There are lots of risks to the downside if this is not done in a deliberate way,” said Libby Cantrill, a managing director and head of public policy at PIMCO.
Although six companies recorded quarterly increases in mortgage-banking earnings, three industry leaders posted huge declines and another nonbank posted a net loss.
Leaders at Fannie Mae and Freddie Mac detailed how Bill Pulte, director of the Federal Housing Finance Agency and new chairman at the GSEs, is influencing activity at the companies.