Advanced Search

Volume 18 - Number 12

June 8, 2018

GSE Pilot Programs Drawing More Attention for Lack of Transparency

Industry groups and lawmakers have turned their attention to the GSEs’ pilot programs and how they’re being implemented. Many argue that as of late, pilot programs such as recent initiatives involving mortgage insurance and home rentals are being launched without much transparency. This week, the Mortgage Bankers Association penned a letter to the Federal Housing Finance Agency recommending the regulator increase the level of transparency for new products and activities the GSEs take on. The trade group noted it’s concern about new initiatives which raised “significant” questions as whether they have the public’s best interest in mind. There’s also some unease about Fannie Mae and Freddie Mac possibly infringing on the primary market.

Subscribers to Inside The GSEs have full access to all its stories and data online. Visitors may become subscribers for full access or may purchase individual articles and data.

Subscriber Log In

If you are a current subscriber or already purchased this article, please login below.

Forgot your password?

Already subscribe but haven't registered for all the benefits of the website?


This biweekly covers the housing-related government-sponsored enterprises with experienced, expert analysis.



You can purchase this article for $55.00 without subscribing and always have access to it on

Pay Per View

Please contact Customer Service if you need assistance: 1-800-570-5744


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

The broker. It’s his/her client.


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


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


Hard to answer. It’s a complicated issue.