Crush of GSE Mortgage Business in 2Q09 Leans Heavily Toward Lower Risk Profile
July 9, 2009
Fannie Mae and Freddie Mac continued to scoop up the low-hanging fruit during the huge business surge of the second quarter of 2009, according to a new Inside Mortgage Finance analysis. With refinance activity running near the record levels of 2003 and widely trumpeted new programs aimed at helping distressed borrowers, key loan quality indicators... [Includes three charts]