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Home » Store » News » Flood of Strategic Alliances Made Back in 1999 Has Turned Out to be Mixed Blessing for GSEs

Flood of Strategic Alliances Made Back in 1999 Has Turned Out to be Mixed Blessing for GSEs

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Back in 1999, Freddie Mac rocked the mortgage market by confirming that it had signed a virtually exclusive "strategic alliance" with the then-largest mortgage producer in the country, Norwest Mortgage. That public disclosure sparked a heated race between Freddie Mac and Fannie Mae and by year-end nearly all of the top originators had inked major, if not exclusive, alliances with one of the government-sponsored enterprises.
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