From what we understand, some GSE employees with MBS backgrounds are eagerly volunteering their services to the CSS project, believing that the end product, the MBS, is where the future lies.
Officials close to the matter said the MI policy briefing was cancelled due to Senate approval of a new permanent director to the agency, Mel Watt, a former North Carolina Congressman.
In certain ways, HUDs "qualified mortgage" definition is less restrictive than the CFPB edict, including setting no limit on a borrowers debt-to-income ratio.
A new report from FHFA confirms what small mortgage firms have long known: they can't catch much of break when it comes to Fannie Mae and Freddie Mac guaranty fees.