GSE Business Slumped in Third Quarter as New Lending Fell Sharply and FHA Gained Share
October 9, 2008
Fannie Mae and Freddie Mac reported significant declines in the volume of new MBS guaranty business during the third quarter as the government-sponsored enterprises continued to gradually tighten their underwriting. Mortgage lenders delivered a total of $171.64 billion of single-family mortgages to GSE securitization programs in the third quarter, making it... [Includes three charts]