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Home » Store » News » Fannie, Freddie Backpedal from Non-Conforming Market That Continues to Put Pressure on Earnings

Fannie, Freddie Backpedal from Non-Conforming Market That Continues to Put Pressure on Earnings

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Don’t look for Fannie Mae and Freddie Mac to provide a great deal more support for the MBS market beyond continuing to churn out a heavy volume of new MBS as both government-sponsored enterprises are scrambling to deal with viral subprime and Alt A holdings and have little free capital to use to build up their portfolios. Fannie late last week announced it will stop buying Alt A mortgages by the end...
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