So, what kind of GSE questions do the Democrats ask? Topics include timelines, benchmarks, capital levels, affordable housing issues, reducing the GSE footprint and the like. All of the questions might be viewed as quite predictable…
States with high usage of the SALT deduction have seen "acute" slowdowns in home price appreciation (and even declines) since the limitation on the deduction took effect.
The review will consider the interplay between the non-agency market and the GSEs and the impact of the exemption for qualified residential mortgages...
One Freddie shareholder quipped: "It sounds like something their advisors would have recommended – to improve proforma [earnings] going into a capital raise."
The deduction for mortgage insurance premiums and a tax break on forgiven mortgage debt had expired at the end of 2017 while funding for the National Flood Insurance Program was set to elapse on Dec. 20.
Among the proposed changes: A residential loan made to a high-income individual residing in low- and moderate-income neighborhoods would no longer qualify for CRA credit.