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Volume 2017 - Number 38

October 5, 2017

FHFA Director Watt Urges House to Take Action Fast on Housing Reform to Avoid a Treasury Draw

House lawmakers grilled Federal Housing Finance Agency Director Mel Watt on everything from flood insurance to the qualified-mortgage rule and credit-risk transfers during a hearing this week, but his comments regarding the evaporating capital buffers at Fannie Mae and Freddie Mac suggested that he’s fed up with the lack of action from Congress. Testifying before the House Financial Services Committee, Watt said it would be “especially irresponsible” for the two ...

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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.

33%

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33%

Not now. But things could change as 2018 progresses.

13%