The unprecedented boom in FHA lending in recent months has put a dent in the record market shares recorded by Fannie Mae and Freddie Mac, but more recent growth in the GSEs’ retained portfolios is magnifying their overall presence in the market. Fannie and Freddie accounted for 67.2 percent of new mortgage-backed securities issuance during the third...[Includes one chart]
The new FHFA director’s whirlwind first week resulted in widespread staffing cuts at the regulator and a dramatic change in leadership at the GSEs. So far, criticism has been muted.
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