Hurricane-Related Losses for Mortgage Industry Still an Open Question. Ginnie Keeps Close Eye on Nonbanks
November 17, 2017
Fannie Mae and Freddie Mac set aside a combined $1.9 billion to cover potential losses to MBS collateral from the powerful hurricanes that slammed the U.S. and its territories this fall. Ginnie Mae, meanwhile, hasn’t issued an update on affected loans in several weeks, but the government guarantor is trying to stay optimistic.