The state of Florida is setting up a reinsurance fund to stabilize a property insurance system plagued with disaster-related insolvencies and years of underwriting losses.
Fannie and Freddie combined to issue just $48.42 billion of single-family MBS in November, a 19.5% decrease from October. Year to date, volume was down 54.1%. (Includes two data charts.)
Loan-level price adjustments for low-income and first-time borrowers and for loans that meet duty-to-serve requirements will be a thing of the past on Dec. 2.
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