Condo Project Advisor enhancements will allow lenders to determine whether a loan for a unit in a project is eligible for acquisition by Freddie within minutes.
Several commenters argued that any capital requirement on commingled securities might interfere with the fungibility of the uniform mortgage-backed security.
The third quarter of 2023 ranked as the busiest market for MSR sales since the second quarter of last year, when $327.82 billion of MSR transfers closed.
FHFA will direct the enterprises to treat loans with COVID-19 forbearance like those impacted by a natural disaster. Fannie and Freddie will also do a better job explaining buyback requirements.
“There’s no point in leaving money on the table that’s been allocated,” said Pamela Perry, a vice president of single-family equitable housing at Freddie Mac.
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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