Fannie Mae issued $36.2 billion in mortgage-backed securities in May, only slightly above Ginnie Mae’s MBS issuance for the month.
The Federal Reserve has no intention in the “near term” of selling off its $1.1 trillion portfolio of GSE-guaranteed mortgage-backed securities, according to Fed governor Kevin Warsh.
Small mortgage companies benefited from higher loan production in 2009 and posted healthy profits for the year, according to a Mortgage Bankers Association report.
Due to opposition from the Treasury Department, Sen. Christopher Dodd, D-Conn., blocked an amendment that would allow covered bonds to get a start in the U.S. mortgage market.
The financial services reform bill does little to help consumers shop for a loan, according to the National Association of Mortgage Brokers.
Mortgage bankers will be allowed to securitize FHA and VA guaranteed loans without a risk retention requirement and certain GSE loans will be exempt as well, according to final provisions of the regulatory reform bill worked out late Thursday night.
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