Significant Share of Correspondents Finding Reasons For Not Selling Prime Conforming Loans to GSEs
August 10, 2006
The volume of prime conforming mortgages sold into the secondary market that is bypassing Fannie Mae and Freddie Mac is continuing to rise in 2006. According to the Inside Mortgage Finance MBS Database, a record-high 47.8 percent – or $141.57 billion worth – of prime loans funneled into non-agency MBS in the first half of this year carried conforming balances. Meanwhile, a new nationwide survey of correspondent lenders offers some insight into why a...