The FHA expects to finalize the proposed rule in August of this year, according to HUD’s new regulatory agenda, although the agency rarely comes close to its projected rulemaking timelines.
Most of the changes are in the portion earmarked for direct endorsement lenders, which often have been the target of False Claims Act lawsuits filed by the Department of Justice...
The former analyst said Freddie has “an inferior security [MBS] necessitating the need for a lot of time and expense to create a common securitization platform…”