Will New Restrictions Placed on Fannie Mae Force GSE to Curb Its Enthusiasm for Mortgage Business?
October 1, 2004
Fannie Mae, which has aggressively grown its mortgage business for more than a decade, may have to curb its mortgage market enthusiasm – at least slightly – as a result of a major new regulatory agreement inked this week with its safety and soundness regulator. Although the agreement – signed by Fannie’s board of directors and the Office of Federal Housing Enterprise Oversight – deals mostly with steps the government-sponsored enterprise must take to clean…