Non-agency participants – particularly mortgage-backed security investors – submitted “widely positive” comments regarding Fitch Ratings’ proposed model for rating jumbo MBS. While the Mortgage Bankers Association was critical of Fitch’s proposal to link MBS rating to home prices, Brian Bertsch, a Fitch spokesman, said...
Moves by the Trump administration are disrupting the economy and the federal agencies that deal with the housing market. Bob Broeksmit, president and CEO of the MBA, isn’t sure how it’s all going to play out.
The 10-year Treasury rate is declining and the possibility of a recession is growing.
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