FHA extends foreclosure moratorium tied to LA wildfires; HUD rescinds Affirmatively Furthering Fair Housing rule; CSBS seeks Ginnie servicing reforms; RHS delays servicing changes; Rate offers complimentary, temporary insurance for first responders; bill in Senate would speed mortgage processing at Bureau of Indian Affairs.
A portfolio manager said if agency MBS investors aren’t kept in mind during the GSE reform process, the changes could hit investor demand for GSE MBS, having a negative impact on homebuyers.
Anthony Hsieh, chairman, founder and controlling shareholder of loanDepot, is returning to senior leadership as executive chairman of mortgage originations at the nonbank.
If the GSEs are released from conservatorship, some participants in the agency MBS market insist the to-be-announced market, uniform MBS and Fannie/Freddie CRT activity should remain untouched.
The Trump administration is likely to take actions that will reduce regulation for the MBS and ABS markets. Industry participants are working to shape the actions while also staying nimble.
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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