GSEs’ Risk-Sharing Activities Poised to Grow, Offer More Diverse Collateral and Structures
September 26, 2014
The government-sponsored enterprises plan to expand their risk-sharing activities in a number of ways in 2015, according to officials at the GSEs and the Federal Housing Finance Agency. Kevin Palmer, a vice president of strategic credit costing and structuring at Freddie Mac, said Freddie is set to include a broader group of mortgages in its risk-sharing transactions in an effort to increase the investor base. Fannie has similar plans. The GSEs have issued...
The regulator said in an amicus brief Wednesday that home equity investments can be considered credit and subject to Truth in Lending Act requirements.
“We’re still not at the level of profitability where we should be in home lending, just given as we continue to wind down that servicing book,” said Charlie Scharf, CEO of Wells.
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