Posted To: Pipeline Press
Every day we have news coming out of Fannie Mae and Freddie Mac. Some of the news is attempts at changing the structure of the two – being under government conservatorship under the FHFA is not a long-term solution – and some of the news pertains to programs and policies. Both are a few paragraphs down. And occasionally I am still asked about F&F CEO pay. Yes, Congress capped it late last year at $600k, but rest assured that those under the CEO level at the agencies have no such limits. But in general CEOs are paid a lot because they're worth it . In the secondary markets, PennyMac sent an announcement that it is removing the Mandatory Forward delivery method from its offering of commitment types. "PennyMac is removing the Mandatory Forward delivery method from its offering...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/2aFukLt
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