GSE Caps on Investor Loans Out of Sync with Federal COVID Response
The Community Home Lenders Association, a national trade association representing small and midsized independent mortgage bankers (IMBs), was surprised last January to see the Treasury Department and the Federal Housing Finance Agency (FHFA) adopt a number of restrictions on Fannie Mae and Freddie Mac loans as part of a revised PSPA agreement that governs their Treasury line of credit. Q1 2021 hedge fund letters, conferences and more Restrictions On Fannie Mae And Freddie Mac LoansThe restrictions capped: (1) the percentage of so-called “higher risk” loans at 6 percent of their home purchase l...