Sales, Broker Products; Associated’s LIBOR Shift; Freddie, Fannie, FHA’s Future

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Posted To: Pipeline Press

Yesterday the industry reacted to the topic of housing finance reform. HUD presented its plan for FHA . But, like Farrah Fawcett passing away on the same day as Michael Jackson more than ten years ago, the headlines were dominated by the plan for Freddie and Fannie , and U.S. Treasury Secretary Steven Mnuchin also presenting President Trump with a housing finance reform plan . Yup, the Trump Administration aims to privatize Fannie Mae and Freddie Mac and much of it doesn’t require Congressional approval. There are 49 recommendations to overhaul America’s housing finance system, focused on F&F which account for about half the $11 trillion outstanding residential mortgages. Affordable housing advocates have warned that returning the firms to the private market could threaten those…(read more)

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