New FHFA Rule Would Help Lenders Participate in H4H, But Small Dollar Amount Means Only Modest Market Benefit
October 11, 2008
The Federal Housing Finance Agency is freeing up Federal Home Loan Bank affordable housing subsidies to help lenders take advantage of the new HOPE for Homeowners program. One of the toughest pills to swallow in the H4H program is the requirement that first mortgage lenders agree to hefty writedowns of the loan before it is refinanced into a new FHA mortgage...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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