As might be expected, Republicans on the committee weren’t convinced that Congress should create an entity that would be involved in the assignment of credit ratings.
Bayview Asset Management and Flagstar Bank are the latest non-agency MBS issuers to stock deals with investment-property mortgages that could have been sold to Fannie and Freddie...
A few weeks back, Ginnie issued a request for information on a proposal that would tack on a capital requirement of an additional 25-basis points of an applicant’s Fannie Mae and Freddie Mac obligations.
Things aren’t back to pre-crisis levels by any means. In 2006, quarterly non-agency MBS issuance averaged over $285 billion every three months. It will take a miracle to reach that level for all of 2021.
It was never entirely clear to conventional lenders why the LLPA was installed in the first place given the relatively low COVID-related forbearance readings on GSE loans.
Christopher Stanley, a security engineer at SpaceX, is the first member of Elon Musk’s Department of Government Efficiency to join a GSE board.
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