GSEs Shop as “Conforming Jumbo” Issuance is Pending; FHA Requires Second Appraisals for Its Own Jumbos
April 10, 2008
Fannie Mae and Freddie Mac have not yet issued any securities backed by “conforming jumbo” mortgages, but the two government-sponsored enterprises are starting to shop around for collateral and could begin issuing MBS in the next few weeks. The economic stimulus...