GSEs Boost Bad Loan Buyouts from MBS Pools As Credit Expenses Skyrocket to $33 Billion
May 14, 2009
Both Fannie Mae and Freddie Mac sharply increased the volume of mortgages they repurchased from mortgage securities pools during the first quarter of 2009, as loss mitigation efforts intensified in a still weakening housing market. Fannie Mae repurchased some $2.56 billion of loans from its guaranteed mortgage-backed securities during the first three months of this year, more than...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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