It doesn’t happen often (the last time was more than 15 years ago), but Freddie bested Fannie in single-family MBS issuance in August. Freddie saw big gains in multi-lender swap and guarantor business. (Includes two data charts.)
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The mortgage industry’s warnings that the restrictions placed on the GSEs would tighten credit availability for less qualified borrowers were not lost on the Biden administration.
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The support of the powerful House Financial Services Committee chair improves the chances that FHFA Acting Director Sandra Thompson’s job becomes permanent. It also casts doubt on the rumored nomination of CRL President Mike Calhoun.
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The mortgage giant last week announced its first-ever cash tender offer for its signature CRT product — Structured Agency Credit Risk debt notes.
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Homeowners in manufactured housing communities will no longer have to relocate their house before selling it. Also, the seller will have the right to sublease the pad site to the new owner.
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