So, what kind of GSE questions do the Democrats ask? Topics include timelines, benchmarks, capital levels, affordable housing issues, reducing the GSE footprint and the like. All of the questions might be viewed as quite predictable…
The review will consider the interplay between the non-agency market and the GSEs and the impact of the exemption for qualified residential mortgages...
One Freddie shareholder quipped: "It sounds like something their advisors would have recommended – to improve proforma [earnings] going into a capital raise."
What’s so interesting about the Sterling disclosure is that it comes from a bank. For the most part, depositories have shied away from non-QMs unless it’s jumbo product made to wealthy individuals…