2023-08-03T11:07:28-04:00September 24th, 2021|4- GSE Activity Report|

Twenty Years Long and What Do You Get?

According to a group of Senate Democrats, the answer to this question for a new class of federally-backed mortgages is “out of debt.” A new bill thus creates 20-year FRMs with 30-year FRM amortization schedules for low-income, first-generation borrowers. Treasury would then make up the difference to lenders and investors.