The Key to Reducing Post-Refi Boom Borrower Churn

In this webinar, PRMG Chief Lending Officer Kevin Peranio will help attendees sort through the right technologies as he shares the tech investments that have had the biggest impact on his business.

Tracey Velt breaks down the latest RealTrends 500 rankings

During the episode, Velt highlights which brokerages achieved top rankings in both categories for 2020, and shares what stood out to her the most about the rankings.

Navigating Closing Struggles in 2021’s Purchase Market

Join this webinar to discover the most current information on hybrid and full eNote eClosings and discuss key criteria to successfully implementing your eClosing strategy.

About 7M refi candidates missed the “forever rate” boat

Rates jumped to 3.17% last week and Black Knight reported that there are now just 11.1 million “high quality” refi candidates. The smallest number of potential refi candidates in a year.

Politics & Money

An end to Fannie, Freddie conservatorship by 2022?

Don’t count it out

Fannie Mae and Freddie Mac are on the path to exit conservatorship, a step that could come as soon as 2022.

Fannie and Freddie were taken into conservatorship in September 2008, with the government providing each of the GSEs with hundreds of billions of dollars in financial support in order for the companies to survive the housing crisis.

But now Federal Housing Finance Agency Director Mark Calabria is actively preparing the GSEs to exit conservatorship. Now that could come as soon as 2022 or even 2021.

At a housing policy conference in Washington Wednesday, Calabria said he expects the FHFA will have a rule dictating capital requirements in place before Fannie and Freddie can go to market. One option the FHFA is considering is a period where the GSEs technically exit conservatorship but aren’t completely free of government oversight.

“If all goes well, 2021, 2022 we will see very large public offerings from these companies,” Calabria said. “The consent decree will be able to give that window where they can go to market, do an offering and still operate under a way where we’ve got some prudential safeguards.”

Fannie and Freddie could be looking at exiting government control by 2022 or 2023, according to Calabria.

The FHFA recently announced that it would allow the GSEs to retain $45 billion in combined capital, further setting the stage for them to exit conservatorship.

Calabria has acknowledged that fully removing the GSEs from conservatorship can’t be done without Congressional action, but given the difficulty of getting that done quickly, the Trump administration is taking action to put the GSEs on the path to being private companies again.

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