But there were some hiccups in the overall trend. For starters, refi loans originated in the retail channel actually had slightly lower average credit scores than correspondent- and broker-originated refinances…
For GSE watchers the bottom line boils down to this: Both continue to earn money hand over fist and for now get to keep all their earnings instead of forking it over to the U.S. Treasury in the form of dividends.
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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