But isn’t the job of a conservator to preserve assets? If CRT deals are bad financially for Fannie and Freddie, isn’t it time to pull the plug on them?...
However, on Wednesday, five members of the Senate Banking Committee wrote to FHFA Director Mel Watt, warning him against taking any administrative action that might alter the dividend payment.
Despite the huge losses posted by PHH, James Egan, chairman of the board, said Messina “has led PHH with vision, decisiveness and integrity through one of the most turbulent periods in the mortgage industry in decades...”
But the issue is hardly settled. Ron Haynie, senior vice president of mortgage policy at the ICBA, told Inside Mortgage Finance that he expects a change in the dividend payment this year.
Joe Farr, director of marketing for MBS Quoteline, said MBS prices have actually improved since the Federal Reserve’s decision to hike rates one week ago.
A former Fannie executive said it was always his belief the GSE charter allowed for multifamily financing but the idea was to fund “vertical” homes and not “horizontal.”