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Volume 29 - Number 1

January 6, 2012

Downloads Available: GSE Single-Family Mortgage Pool Characteristics - 4Q11

Downloads Available: Top Mortgage Sellers to Fannie Mae - 4Q11

Downloads Available: Top Mortgage Sellers to Freddie Mac - 4Q11


Refinance Market Boosts GSE Business In Late 2011, Fannie Leads the Charge

Business was booming at Fannie Mae and Freddie Mac during the just-completed fourth quarter of 2011, with total single-family mortgage securitization jumping 47.4 percent from the previous period, according to a new analysis and ranking by Inside Mortgage Finance. The two government-sponsored enterprises pumped out a combined $261.2 billion in single-family mortgage-backed securities during the final three months of the year. That was the highest quarterly production level of the year, but it still came up 21.2 percent short of the volume generated....(Includes three data charts)

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Poll

Are current mortgage underwriting standards too tough?

Yes, they don’t reflect current market conditions and need to be adjusted to allow borrowers with below 700 FICO scores and smaller downpayments to qualify for mortgages.
Yes, and something needs to be done to significantly reduce repurchase or buyback risk so that lenders don’t apply even tougher underwriting overlays.
No, the standards are appropriate given current risks and the major default problems the mortgage market has experienced over the past several years.

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