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Article: Secondary market. (Mortgage Bankers Association of America's position on transactions with Fannie Mae and Freddie Mac)
- Article from:
- Mortgage Banking
- Article date:
- October 1, 1990
- Author:
CopyrightCOPYRIGHT 1990 Mortgage Bankers Association of America. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SECONDARY MARKET
Over the years mortgage companies have been able to structure transactions with Fannie Mae and (to a lesser extent) Freddie Mac whereby a lender agrees to accept the risk of foreclosure loss in exchange for a lower agency guaranty expense. Companies who manage this risk wisely are able to profit from lower fees paid to the agency and by keeping servicing losses at a minimum. These types of structured transactions seemed to work very well for the agencies, mortgage companies and the consumers who benefit from more flexible underwriting.
Recent bank/thrift regulatory initiatives appear to threaten this way of doing business. Of primary ...
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Article: Fannie Mae, Freddie Mac Met 2003 ...
AP Online;
October 15, 2004 ;
700+ words
... ... WASHINGTON Mortgage companies Fannie Mae and Freddie Mac last year met the government ... were designed to help Fannie Mae and Freddie Mac meet the affordable housing ... Without those deals, Fannie Mae and Freddie Mac would have fallen short ...
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