FHFA director addresses GSE repurchase volume at MBA

[Mike SP]

Need subscription to read entire story, but it looks like Queen Sandra isn't making many friends with lenders.

FHFA director addresses GSE repurchase volume at MBA

https://www.doddfrankupdate.com/DFU/ArticlesDFU/FHFA-director-addresses-GSE-repurchase-volume-at-M-89654.aspx

Mortgage lenders have no shortage of complaints about the rise in loan repurchase volume by Fannie Mae and Freddie Mac since the start of the COVID-19 pandemic. Federal Housing Finance Agency Director Sandra Thompson indicated relief could be on the horizon.

During the Mortgage Bankers Association’s annual convention and expo in Philadelphia, Thompson said given the current challenges facing the housing market, including high rates and prices coupled with limited housing stock, it is crucial for policies and industry efforts to align in supporting existing and aspiring homeowners.