Constraints on GSE loan volume and an overall dearth of liquidity were among the biggest issues at hand during the Mortgage Bankers Association's Secondary Market Conference in NYC. Here's a recap of the event's highlights.
Government Accountability Needed to Restore Mortgage Confidence
Politicians and regulators need to get with the times if they truly want to help mortgage lenders reach more borrowers. "Today's environment is not encouraging credit expansion. It's forcing lenders to be overly conservative ultimately failing entry-level homeowners on every front," MBA CEO David Stevens told conference attendees.