TITLE

FHFA says alt-A/b loans accounted for large share of GSEs' Q1 losses

PUB. DATE
July 2010
SOURCE
Mortgage Banking;Jul2010, Vol. 70 Issue 10, p12
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the claims of Federal Housing Finance Agency (FHFA) director Edward J. DeMarco on the role of alt-A and interest only (A/IO) loans in government-sponsored enterprises (GSEs) losses in the U.S. DeMarco states that A/IO were responsible for losses in Fannie Mae by 37 percent and Freddie Mac by 42 percent during the first quarter of 2010. He also relates the serious delinquency rates and poorest market performance of A/IO.
ACCESSION #
52702745

 

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