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Thursday, 12/07/2017 1:26:20 PM

Thursday, December 07, 2017 1:26:20 PM

Post# of 790510
Short Takes: Not Happy with Jeb’s GSE Comments
Lame Duck or Not…
White House Leaning Toward Michael Bright
Granite Ramps Up Commercial Commitments

Thursday Dec 7, 2017 ... By Paul Muolo ... pmuolo@imfpubs.com




Rep. Jeb Hensarling’s comment Wednesday about his (continued) desire to euthanize Fannie Mae and Freddie Mac didn’t go over well with several GSE partisans in Washington, DC. The Community Mortgage Lenders of America said the Texas Republican’s “proposed course of action” would be harmful to small and medium-sized originators…

One GSE watcher who used to work for the Mortgage Bankers Association dismissed much of what Hensarling said, noting that he’s a “lame duck.” Hensarling will retire from Congress after his term ends. However, if the mortgage industry wants to see a GSE/housing reform bill in 2018 any legislation will have to get past Hensarling, who chairs the powerful House Financial Services Committee…

We understand that it’s only a matter of time before the White House officially nominates acting Ginnie Mae President Michael Bright to be the permanent head of the agency. The previous candidate for the job, mortgage executive David Kittle, got tired of waiting to be nominated and threw in the towel…

Commercial mortgage REIT Granite Point Mortgage Trust said it closed additional senior floating rate commercial real estate loans (commitments) of $252 million in October and November. Granite was spun off by Two Harbors this fall…