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March 31, 2017

What We’re Hearing: Uncle Sam’s Cash Cow: Mortgages / Time to Kill the GSE CRT Deals? / Should a Conservator Conserve? / A Large Earnings Decline for Ginnie Mae / Bank of America Gets Slapped with a Huge Penalty – and a Kafka Analogy as Well

By Paul Muolo

But isnít the job of a conservator to preserve assets? If CRT deals are bad financially for Fannie and Freddie, isnít it time to pull the plug on them?...

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Poll

Who "owns" the mortgage customer that’s brought to a wholesale lender through a loan broker?

The broker. It’s his/her client.

35%

The wholesale/table funder. They’re taking the financial risk.

30%

The broker, but only for the first year. After that, the borrower is fair game.

13%

Hard to answer. It’s a complicated issue.

22%