Posted To: Pipeline Press
This morning the Mortgage Bankers Association’s Research Institute for Housing America (RIHA) released, The Impact of Climate Change on Housing and Housing Finance .” Whether or not you believe in it, if it impacts MBS pricing, it impacts your borrowers , and what are you going to do about it? Strategy is for amateurs; execution is for professionals. And Earnest Hemingway noted, “Never mistake motion for action,” but there is plenty of actual, and perceived, examples of all of this at Freddie Mac and Fannie Mae, relayed from the FHFA. Talk of exiting conservatorship (if it’s not broke, why fix it?) has vanished, replaced by forging ahead with their missions, executing the game plan of the Biden Administration, and acting on helping first time and minority home buyers…(read more)
Source: Mortgage News Daily
