Fannie, Freddie May Become More Demanding Partners for Lenders
August 15, 2008
The bittersweet relationship between lenders and Fannie Mae and Freddie Mac may sour a bit in coming months as the two government-sponsored enterprises try to dig their way out of heavy losses by tightening their underwriting and more aggressively pursuing buybacks and workouts. Together, the two GSEs lost a whopping $3.121 billion during the second quarter... [Includes one chart]