Fannie, Freddie and Ginnie Are Approving New Issuers More Quickly, Or is it a Mirage?
January 31, 2013
Mortgage lenders seeking new agency approvals from Fannie Mae, Freddie Mac and Ginnie Mae have to take a number and wait. And sometimes that wait can last for a year or more, even longer depending on which agency a company is dealing with. But all that appears to be changing, according to interviews conducted by Inside Mortgage Finance over the past two weeks. Unfortunately, theres little in the way of hard numbers to back that up, except for Ginnie Mae. According to an agency spokesman, Ginnie approved...