Newly installed SBC Chair Sherrod Brown lambasted FHFA for ignoring the spirit of the CARES Act by allowing Fannie Mae and Freddie Mac to sell nonperforming and reperforming loans during the pandemic.
Yet more bulk servicing deals are percolating. The latest offering is a $3.87 billion Ginnie Mae package from Mortgage Industry Advisory Corp., New York...
The FHFA wants to place a volume cap on mortgages sold through the Fannie/Freddie cash window. An effort to boost lender securitizations or something else?