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November 17, 2016

Former Fannie CFO Dishes on Concerns with GSE Risk-Sharing

By Carisa Chappell

Tim Howard, former Fannie Mae CFO, called Fannie Mae’s and Freddie Mac’s credit risk transfer program “exercises in deception.”

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With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.


No. It’s still difficult compliance/regulatory-wise.


Maybe. It’s under consideration.


Not now. But things could change as 2018 progresses.