Federal Financial Analytics calculates the trigger will be pulled by mid-2019.

The nomination had been expected for several weeks now and paves the way – quite possibly –for limitations on GSE pilot programs, loan parameters and secondary market liquidity.

Some good news: Fannie chief economist Doug Duncan said continued strength in borrower demographics and the labor market offer hope that conditions should stabilize in 2019 and may even improve.

Tom Piercy of Incenter Mortgage Advisors: “Calabria is not an advocate for our industry – but he is also being appointed by the president, who does not want housing to falter between now and 2020.”

James Fenkner says Calabria will be “constrained in his mission to dissolve Fannie and Freddie.”

NAMB is giving away free software...

Fannie and Freddie addressed that problem by beginning to structure CAS and STACR transactions as real estate mortgage investment conduits – which REITs can buy more freely.

The MBA chief also makes it blatantly clear that he is no fan of any “recap and release” proposals for the government-sponsored enterprises either...

Fannie Mae has approved Neighborhood Loans, Lombard, IL, as a new seller/servicer...

Under a new pilot program announced last week, Freddie Mac will purchase mortgages on manufactured homes at the same low rates available for traditional site-built homes.