Posted To: Pipeline Press

Follow the money! The “talking heads” are analyzing the fact that President Donald Trump donated $6,000 to Kamala Harris’ 2014 campaign for reelection as California attorney general, and that she in turn donated the money to a non-profit that advocates for civil and human rights for Central Americans. And we have nearly three months to go! Stuff like that is a lot more fun to talk about than the 50-basis point price change that Fannie and Freddie instituted due to “higher risk and costs” on refis. Not on purchases, mind you. This from Freddie, who earned $1.8 billion last quarter, and Fannie, who earned $2.5 billion. Is this how the GSEs help struggling homeowners? The MBA weighed in. Some attribute the changes to Director Calabria’s desire to recapitalize the…(read more)

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Source: Mortgage News Daily