It was largely business as usual for Fannie Mae and Freddie Mac in the fourth quarter. But going forward, the Trump administration could make moves to reduce the two GSEs’ activity. (Includes data table.)
The CFPB sued Vanderbilt Mortgage and Finance, alleging the manufactured-home loan lender failed to meet ability-to-repay rules when originating non-qualified mortgages.
The new licensing requirement represents a major shift for the MBS market, with participants scrambling to either comply or avoid loans in the state. A challenge to the requirements appears likely.