The decision to revive the pilot came just days before President Biden’s State of the Union address.

The collapse of commercial real estate during the 2008 financial crisis wasn’t the result of poor underwriting by lenders, but due to a widespread misperception of risk, according to a new Fed paper.

Critics argue the new second mortgage program is another attempt by Freddie Mac to expand its footprint. But GSE insiders say it’s already allowed under its charter.

Because this would technically be a new product, it’s subject to FHFA approval and requires a 30-day public notice period.

The MBA has concerns while the Community Home Lenders of America supports the effort.

Newly-released minutes from the Fed’s meeting in March indicate that the Fed is ready to slow the pace of Treasury runoff while maintaining the already slow pace of MBS runoff.

The role of MBS in housing market bubbles is a sign that the financial sector now drives the real economy rather than the other way around.

Larger lenders remain the most affected by the decline in sales.

The goal might be to slow the runoff by allowing less Treasury redemptions each month but allowing MBS to run off at their natural pace.

The Mortgage Bankers Association and the Community Home Lenders of America are on opposite sides of the debate about allowing the GSEs to waive the requirement for lender’s title insurance.