The Golden State's high concentration of broker loans and refinancing is reflected in its top two sellers: United Wholesale Mortgage and Quicken Loans.
The new transaction will offer LIHTC lenders an additional source of liquidity in a tight market. A San Francisco transaction tests the waters to see if the new security floats.
Affordable housing expert heads back to the private sector. Industry observers wait to see if this is the beginning of a wave as Freddie CEO Donald Layton retires.