TITLE

No Going Back

AUTHOR(S)
Shenn, Jody
PUB. DATE
July 2006
SOURCE
American Banker;7/27/2006, Vol. 171 Issue 143, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article focuses on the decline in the clout of Fannie Mae and Freddie Mac evidenced in an earnings call by Countrywide Financial Corp. Angelo Mozilo, head of Countrywide, said that he believes nonconforming volume outside the typical guidelines of the government-sponsored enterprises will continue to overshadow conforming volume in light of the restraints on the mortgage lenders.
ACCESSION #
21743898

 

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