GSE Business Boom Begins to Ebb in Second Quarter, Wells Presses Ahead
July 3, 2008
Fannie Mae and Freddie Mac posted further increases in new single-family mortgage securitization volume during the second quarter, but business tapered off at both government-sponsored enterprises as interest rates rose in June. MBS pool data analyzed by Inside Mortgage Finance also show a continuing GSE emphasis on credit quality in 2008. Average credit scores in... [Includes three charts]