TITLE

GSE Buybacks Will Increase

AUTHOR(S)
Collins, Brian
PUB. DATE
August 2009
SOURCE
National Mortgage News;8/17/2009, Vol. 33 Issue 45, p11
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the move of Fannie Mae and Freddie Mac to prepare for higher mortgage defaults and expect forcing their seller/servicers to buy back more loans in the coming quarters. According to the article, lenders that sell loans to both companies are required to prove that the loan comply with the underwriting requirements of government-sponsored enterprises (GSEs). It is stated that GSEs pursue reimbursemens to lessen their credit losses, unemployment and falling home values.
ACCESSION #
43938999

 

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