The Federal Housing Finance Agency has instructed Fannie Mae and Freddie Mac not to conduct loan-level reviews for technical compliance to the TILA-RESPA Integrated Disclosure rules during the rule’s transitional period. However, according to Moody’s Investors Service, this creates a risk for investors in bonds linked to the performance of loans insured by Fannie and Freddie, called credit risk transfer transactions. See the details here.
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