Debate Over New GSE Pricing Framework Rages
GOP proposes 2 bills in Congress to repeal; Urban Institute says changes don't penalize rich to help poor.
GOP proposes 2 bills in Congress to repeal; Urban Institute says changes don't penalize rich to help poor.
Thompson denies pricing changes at Fannie, Freddie make wealthier borrowers subsidize poorer ones.
Rule seeks to formalize existing practices and programs related to fair housing and fair lending oversight of GSEs.
Will allow GSE's borrowers facing financial hardship to defer up to six months of mortgage payments.
Industry experts say GSEs should abandon the DTI fees move.
Sends letter to agency director raising concerns about changes, including LLPAs based on debt-to income ratios.