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Volume 14 - Number 2

January 24, 2014

Treasury Official: HARP Expansion No Go, GSE Wind Down Continues

The Treasury Department’s point man on housing declared this week that the government has no appetite to expand the Home Affordable Refinance Program, and he reiterated past Obama administration pledges to cashier Fannie Mae and Freddie Mac. Michael Stegman, counselor to the Treasury on housing finance policy, outlined for attendees of the ABS Vegas conference the administration’s housing goals, including its opposition to any HARP eligibility tweaking and its continued support for housing finance reform.

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The year is almost 75% done. How is mortgage origination volume at your shop?

We will fund about the same as we did in 2016.
We will fund more than last year – by a little.
We will fund more than last year – by a lot.
We will fund less than last year – by a little.
We will fund less than last year – by a lot.

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