The House voted yesterday to pass a massive housing reform package that extends a lifeline to beleaguered mortgage giants Fannie Mae and Freddie Mac and is laden with tax-exempt bond provisions, including the elimination of the alternative minimum tax for housing bonds.
The National Association of Home Builders Remodeling Market Index for the second quarter posted a reading of 61, a one-point decline from the first quarter.
The Additional Tax Lien Account is Acacia 2026-1's prefunding account, which will buy assets in the deal's first six months, up to $33.5 million, and is one of the deal's two investment accounts.
The bill, which passed with wide bipartisan support, will become law at midnight if President Donald Trump doesn't veto it.
Federal Reserve Bank of Dallas President Lorie Logan said at an event Thursday that conducting monetary policy actions through a third party would improve efficiency and make markets stronger.
The pool includes called collateral and smaller concentrations of loans originated in higher credit tiers, resulting in some underlying asset weakness compared with a previous deal.
A week after falling to its lowest point since mid-May, the 30-year fixed rate mortgage turned higher as the 10-year Treasury rose 15 basis points since June.
