Why the FHFA’s Latest Move Undermines the MBS Market
National Mortgage News, Apr. 24, 2020–Christopher Whalen (subscription)
This past week, Federal Housing Finance Agency Director Mark Calabria stated that he was directing the GSEs to “add liquidity” to the markets, but the actions of the FHFA say precisely the opposite. By refusing to honor contractual obligations to seller/servicers in the conventional market, the GSEs are undermining investor confidence in the world of mortgage-backed securities.
https://www.nationalmortgagenews.com/opinion/why-the-fhfas-latest-move-undermines-the-mbs-market