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GSE Roundup

September 25, 2015
FHFA-OIG Indictment in Baltimore Mortgage Fraud Case. Two men were sentenced for providing false information to mortgage lenders to enable buyers to qualify for 18 home mortgage loans in Baltimore that they could not afford. Sixteen of the 18 loans went into default, resulting in foreclosures and losses of about $1.2 million to Fannie Mae and Freddie Mac and certain mortgage lenders. Fitch: Fannie’s Loan Losses Slightly Lower Than Freddie’s for Some Cohorts. In an analysis of Fannie Mae and Freddie Mac loan-level loss data, Fitch Ratings concluded that, while similar, there are differences between loss severities among loans with similar profiles. Fannie disclosed its loan-level loss data in late July to
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