GSE Loan Buyouts Leap, With Much More to Come, But Will GSEs Spook Investors and Roil Market?
August 14, 2009
Fannie Mae and Freddie Mac have seen a big spike in their buyouts of delinquent and modified mortgage loans in recent quarters, a growing trend that is expected to intensify later this year. But the two government-sponsored enterprises have pipelines of delinquent loans that are swelling so rapidly, they could disrupt the secondary market if they move too much, too fast...