Mortgages and Housing: Smaller Loan Limits, Limited Private Label, 27% Underwater, Blackrock Jumbo Playa, Curbing Securitization, Zandi’s Vision, QRMs, Freddie’s Dead, ASF on Covered Bonds
Smaller Fannie Mortgage Limits Unlikely to Fuel Mortgage Bonds – By Jody Shenn – A cut in the size of mortgages that Fannie Mae and Freddie Mac can finance will likely increase banks’ holdings of so-called jumbo loans rather than boost sales of private home-loan securities, a Wells Fargo & Co. executive said. About [...]
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