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Fannie adopts Mission Index for MBS

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Elliott

Elite Member
Gold Supporting Member
Joined
Apr 23, 2002
Professional Status
Certified General Appraiser
State
Oregon
I was actually looking at stock prices, but ran across this because its news about FNMA:


As I understand it, "investors" will not only buy FNMA issued MBS, but it will come with a Mission Score that will be higher if its associated with lower income buyers and lower priced and 'rural' properties (see chart below). I'm guessing its DEI for government issued bond buyers. What's next, a 'mission index' for appraisers who consistently come closer to contract price which would indicate lower 'bias'?

FNMA.jpg
 
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