No Going Back

Shenn, Jody
July 2006
American Banker;7/27/2006, Vol. 171 Issue 143, p9
Trade Publication
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.


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