July 11: Mortgage jobs; Fannie’s non-agency issuance; Ops & production departments dusting off ARM manuals
At this point, no one expects too much fundamental change to the agencies before 2015. (This year will continue to see groundwork being laid; next year is yet another election year so Congress will be frozen.) But that doesn’t stop the agencies taking things into their own hands. Fannie Mae is set to offer about $1…