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Volume 2014 - Number 29

July 24, 2014

Two-Plus Years Have Passed and Fannie Still Isn’t Doing Much Business with BofA; As for Jumbo MBS…

More than two years have passed since Bank of America parted ways with Fannie Mae on selling new purchase-money loans to the government-sponsored enterprise and no remedy seems in sight regarding a resolution to the matter. “There’s no change that I’m aware of related to the Fannie Mae situation,” said a spokesman for the bank. “We’re able to handle our loan origination business just fine with Freddie Mac.” According to figures compiled by Inside MBS & ABS, BofA did sell...

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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.

 

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