GSE securitization of investment-property mortgages fell by 33% on a sequential basis in the second quarter, while overall single-family GSE activity was down only 5%.
JMP said it sounds like “these actions” by the GSEs “primarily targeted nonbank wholesale channel lenders, of which UWM [United Wholesale Mortgage] and HMPT are among the largest.”
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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