Posted To: Pipeline Press
As lenders are working on adjusting margins, best-ex, and staffing, while at the same time relieved that rates haven’t gone up and pipelines are motoring along, the industry continues to consider the ripple effects of Director Mark Calabria’s departure from running the FHFA, ergo Freddie and Fannie, and the news of the nominee Sandra Thompson contained in this statement . (And quite the bio !) Sasha Hewlett, Director, Secondary & Capital Markets with the Mortgage Bankers Association, wrote, “We have priorities for new incoming leadership that include things that can ease the disruptions caused by the PSPA issues. That being said, while there are immediate steps we’ll be asking new FHFA leadership to take to alleviate the market disruptions, any actual revisions to the…(read more)
Source: Mortgage News Daily
