Replies to post #44923 on Freddie Mac-No Politics (FMCC)

[navycmdr]

Rep. Maxine Waters, D-CA, the ranking member of the
House Financial Services Committee, is calling on
President Biden to address affordable housing during the
state of the union speech this Thursday. Waters is being
joined in the effort by a number of other Democrats in Congress
and various housing advocates...

The serious delinquency rate on non-qualified mortgages
is rising. However, analysts at dv01, an analytics firm, said
that distressed non-QM borrowers make concerted efforts
to make at least some payments in an effort to avoid
foreclosure.

“The general lack of charge-offs or losses in the non-QM universe
suggests that modification and loss mitigation is still a high
priority for servicers,” the firm said...

Fannie Mae is preparing to issue a credit risk transfer
transaction tied to a pool of mortgages with a total
unpaid principal balance of $18.6 billion. The
government-sponsored enterprise is looking to sell off
$751.3 million to investors.