Increased GSE Seller Concentration Posing Buy-Back Problems for Fannie and Freddie
November 20, 2008
The continuing deterioration in the mortgage markets is forcing the government-sponsored enterprises and lenders to play hardball with one another, but Fannie Mae and Freddie Mac are finding that the increasing concentration of their business limits their ability to dictate terms as much as they had in the past. This is particularly becoming the case when it comes to troubled mortgage buybacks, an...