As the MBA’s Secondary Marketing Conference wraps up in Manhattan, and the 1,200 or so registered head home and face post-conference life, Rob B. asks, “What was the mood of the attendees: Denial, anger, bargaining, depression, or acceptance?” The talk in the hallways revolved around constructive things like ARM investors and pricing, outlets for investment and second homes, lock and shop programs, extended locks, all-cash programs, and the various vendor offerings. On a larger scale, the FHFA, acting through Fannie and Freddie, has a lot going on. The Agencies continue to retain earnings and are doing credit risk transfers while the FHFA is in constant contact with U.S. Treasury. Both are striving to serve the underserved, and the actions must be sustainable. Progress has been made in terms of solar panels, green bond program, affordable housing programs, green specified pools, protecting borrower information, and addressing climate-related losses due to storms an