Mortgage Marketplace Finally Regaining Sense of Risk, Fannie Mae Exec Says
The concept of risk may have been overlooked in the mortgage marketplace over the last few years, but things are changing. And it may not be a bad thing, according to Tom Lund, executive vice president of single-family mortgage business at Fannie Mae. During a recent Morgan Stanley conference, Lund noted a number of changes Fannie has seen emerge in the mortgage marketplace of late. “We’re seeing a drop-off in home sales, and we’re seeing…