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.