Non-Agency Put-Back Exposure Will be Manageable, BofA, Ally Settlements with Fannie, Freddie Suggest
January 7, 2011
Industry analysts believe that the recent repurchase agreements that Bank of America and Ally Financial have reached with Fannie Mae and Freddie Mac suggest the industry will have substantial, but manageable, exposure from the non-agency side. Analysts at Keefe, Bruyette & Woods estimate...