The two biggest issues the MBA has with the bill in the Senate involve loan limits for FHA multifamily mortgages and provisions in an effort to limit institutional ownership of single-family properties.
There are indications that some Two Harbors shareholders will oppose the planned acquisition by United Wholesale Mortgage because it’s an all-stock deal and UWM’s stock is trading near the lowest level it’s been at since UWM became a publicly traded company in early 2021.
The market’s response to the attacks is in line with its recent divergence from historical reactions to outside stressors, said Andrew Rhodes, head of trading at Mortgage Capital Trading.