Some sellers may be able to redistribute their sales of investor and second-home mortgages to meet new Fannie and Freddie purchase limits. But many will have to sell fewer of the loans. (Includes two data charts.)
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With Fannie already over the PSPA cap on non-owner-occupied loan volume, lenders may have to dramatically reduce their delivery of second-home and investor-property mortgages.
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Although most housing advocates applauded the Supreme Court’s Collins decision, shareholders argue the justices ignored key points. Nevertheless, legal experts say there’s little chance the plaintiffs will prevail when the case returns to circuit court.
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FHFA’s now erstwhile director warned FSOC of the risks of the growing share of GSE debentures in the holdings of government money market funds.
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