Speaking at the Mortgage Bankers Association Annual Convention earlier today, Federal Housing Finance Agency director Mel Watt laid out some of the changes that he’s working on along with Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) to improve credit availability and move towards the common securitization platform (CSP). But all this activity seems to contradict the story that FHFA is in the process of winding down the GSEs over the next several years.
Fannie Mae, Freddie Mac: Clarifying life-of-loan exclusions
One of the changes meant to prevent Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC)...
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