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Loan Modification
: Mortgage Lender Implode-o-Metermortgages backed by fannie/freddie far superior to private label
By Implode-Explode Heavy Industries
The Federal Housing Finance Agency (FHFA) released data yesterday on Fannie Mae and Freddie Mac, comparing credit quality and performance of the loans they acquired (from 2001-2008) versus loans financed with private-label mortgage-backed securities.
As you can see, Fannie and Freddie?s loans were of much better quality, and performance followed suit.
Full post as published by Mortgage Lender Implode-o-Meter on September 15, 2010 (boomark / email).
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