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Volume 17 - Number 22

November 3, 2017

Calabria Talks GSE Reform, QM Patch at Urban Institute Forum

Mark Calabria, chief economist to Vice President Mike Pence, said the administration is in the early stages of looking at ways to reform Fannie Mae and Freddie Mac. He also explained why he’s not a fan of the qualified mortgage “patch” during comments this week at a housing finance discussion hosted by the Urban Institute and CoreLogic. He said the Trump administration is committed to not handing Fannie and Freddie over in conservatorship to the next administration and that finding a path forward is just the beginning. “We will do a number of listening sessions to ask questions about what is the best way out of...

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Poll

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.

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