“While 2003 was a bigger overall mortgage year than 2020 will be, the GSE portion of the market is larger and will likely push this into the biggest year for Fannie and Freddie ever,” said Dave Stevens, the former FHA commissioner.
After pulling back from correspondent lending during 2Q20 amid market volatility, New Residential sharply increased its loan purchases in the third quarter...
David Brickman, Frater’s counterpart at Freddie, expressed similar sentiments: “Costs have changed. Risks have changed. We’ve put in place an appropriate and prudent response to that change in the external environment for us to support struggling homeowners.”
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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