Will the new, forward-looking, credit-sensitive version of the Secured Overnight Financing Rate serve as the index rate for credit-risk transfer and MBS transactions?
Progressives call on Biden to pick Sandra Thompson, the first African American and the first woman to head the agency, for the top position. Not incidentally, she may also be the most qualified for the job.
The mortgage industry’s warnings that the restrictions placed on the GSEs would tighten credit availability for less qualified borrowers were not lost on the Biden administration.