MBA Wants Sunshine on Issue of Pending Caps on Lender Sales to Fannie and Freddie
October 11, 2012
Mortgage bankers are concerned about possible limits on the volume of loans they can sell to Fannie Mae and Freddie Mac, and particularly the lack of information about the development of the new rules by the government-sponsored enterprises and their regulator. Fannie and Freddie are concerned about the ability of some approved seller-servicers to honor repurchase requests and are weighing new volume limits based on a sellers capital. The Mortgage Bankers Association wants the Federal Housing Finance Agency to bring the issue out into the daylight. Given the important nature of this issue, the MBA believes that the FHFA should...