Fannie Mae Appears to Be Buying High LTV Subprime Mortgages That Lack Prry Mortgage Insurance
November 15, 2002
Fannie Mae Appears to Be Buying High LTV Subprime Mortgages That Lack Primary Mortgage Insurance Fannie Mae has been using its non-agency MBS wrap program to guarantee subprime mortgages with loan-to-value ratios exceeding 80 percent that do not have any primary mortgage insurance, Inside MBS & ABS has learned.