One of the best kept secrets in the servicing sector is a bifurcated mortgage program initiated by Fannie Mae that has been gathering momentum over the past six months.
The Congressman argues that if the two are not allowed pay down their draws from Treasury then any future funds sent" to the U.S. should be reinvested in the housing market.
Freddie Mac's "low activity fee" will be mostly eliminated. However, it will still apply to originators that have not sold a loan to the GSE in 36 months.