After the FHFA director left the stage at a Federalist Society event, a panel of housing experts took issue with almost every facet of the Trump administration's plan.
A new report allays concerns that a recent request for input from the regulator regarding pooling practices was an indication that something was amiss.
Layton notes that in the first full quarter under the new UMBS regime the Freddie discount fell to just 1 basis point, 80% off its historic average, and dramatically lower than the 10 bp gap in 1Q19.
The NPL sold by the enterprises had an average delinquency of three years and a loan-to-value ratio of 92%. Fannie accounted for 78,281, or two-thirds, of these sales between Jan. 1 and June 30.
Part of the problem is that the current proposed rule was a product of the previous director and much has changed since the rulemaking began a year ago.
Prosecutors allege that co-owners of a company that offered assistance to borrowers going through short sales illegally charged fees for negotiating the sales.