Posted To: MBS Commentary

Earlier this year, the FHFA and Treasury amended Treasury’s preferred stock repurchase agreements (PSPAs) to put limits on Fannie Mae and Freddie Mac (collectively, the GSEs). These limits resulted in widespread fee increases for several categories of mortgages with investment properties and 2nd homes taking the heaviest damage. Here’s a quick list of our previous coverage: Initial coverage : Fannie Warns Lenders on Investment Properties and 2nd Homes Big Hit to Second Home and Investment Mortgages Criticism : UI Urges Abandoning New Fannie/Freddie Amendments Fallout: Calabria is Out at FHFA Much of the sense of urgency behind the initial changes came as a consequence of the changing of the administrative guard. Previous FHFA Director Calabria was intent on leaving a legacy as “the…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
Published On: September 14, 2021 / Categories: Mortgage News /